Fed Chair Powell Says Fed Projections Are Not A Plan Or Decision; Will Continue To Make Decisions Meeting By Meeting; Reducing Inflation Is Likely To Require Below Trend Growth, Some Softening Of Labor Conditions
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that Fed projections are not a plan or decision, and decisions will be made on a meeting-by-meeting basis. Reducing inflation may require below-trend growth and some softening of labor conditions.
June 14, 2023 | 6:43 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on inflation and labor conditions may impact the overall market, including the SPY ETF.
Fed Chair Powell's comments on the need for below-trend growth and softening labor conditions to reduce inflation may create uncertainty in the market. This could lead to short-term volatility in the SPY ETF, but the overall impact is uncertain as the Fed will make decisions on a meeting-by-meeting basis.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50