Fed Chair Powell Says Level Of 5.6% Is Pretty Consistent With Where It Was Trading Before Before Banking Turmoil In March
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that the current 5.6% level is consistent with where it was trading before the banking turmoil in March.
June 14, 2023 | 6:45 pm
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POSITIVE IMPACT
Fed Chair Powell's statement on the 5.6% level being consistent with pre-March levels may indicate stability in the market.
Powell's statement implies that the market has recovered from the banking turmoil in March, which could lead to increased investor confidence and a positive impact on the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50