Fed's Powell Says Inflation Remains Well Above 2% Goal
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that inflation remains well above the 2% target, causing concerns about the potential for tighter monetary policy.
June 14, 2023 | 6:35 pm
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Fed's Powell's statement on inflation being above 2% target may lead to concerns about tighter monetary policy, potentially impacting the S&P 500 ETF (SPY).
The statement by Fed's Powell about inflation being above the 2% target raises concerns about potential tighter monetary policy. This could lead to higher interest rates, which may negatively impact stock prices, including the S&P 500 ETF (SPY).
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IMPORTANCE 75
RELEVANCE 80