Fed Chair Powell Says Inflation Has Moderated Somewhat; Inflation Pressures Continue To Run High; Getting Inflation Back To 2% Has A Long Way To Go
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that inflation has moderated somewhat, but inflation pressures continue to run high. He also mentioned that getting inflation back to 2% has a long way to go.
June 14, 2023 | 6:35 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on inflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Fed Chair Powell's comments on inflation pressures and the long path to reach the 2% target may cause uncertainty in the market. This could lead to fluctuations in the SPY ETF, which tracks the S&P 500 index. However, the impact may be neutral as the market has already priced in inflation concerns.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50