Fed Chair Powell Says Will Take Time For Full Effects Of Monetary Restraint To Be Realized, Especially On Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that it will take time for the full effects of monetary restraint to be realized, particularly on inflation.
June 14, 2023 | 6:42 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on monetary restraint may impact the broader market, including the SPY ETF.
Fed Chair Powell's statement on the effects of monetary restraint on inflation may cause uncertainty in the market, potentially impacting the SPY ETF. However, the statement does not provide a clear direction for the market, resulting in a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50