Fed Chair Powel Says Data Since Last Meeting Came In On High Side Of Expectations
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the data since the last meeting has come in on the high side of expectations, indicating a stronger economic recovery.
June 14, 2023 | 6:44 pm
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POSITIVE IMPACT
Fed Chair Powell's statement on data exceeding expectations may lead to a positive impact on the S&P 500 ETF (SPY) as it reflects a stronger economic recovery.
The Federal Reserve's outlook on the economy has a significant influence on the stock market. As the data exceeded expectations, it indicates a stronger economic recovery, which is generally positive for the stock market. Since SPY tracks the S&P 500, it is likely to be positively impacted by this news.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80