Fed Chair Powell Says Any Forecast About Inflation Coming Down This Year Will Contain A Big Dose Of Housing Disinflation; Housing Services Disinflation Will Be A Little Slower Than We Would Have Expected
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that any forecast about inflation decreasing this year will include a significant amount of housing disinflation. He also mentioned that housing services disinflation will be slower than expected.
June 14, 2023 | 6:46 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on housing disinflation and slower housing services disinflation may impact the overall market, including the SPY ETF.
Fed Chair Powell's comments on housing disinflation and slower housing services disinflation may cause uncertainty in the market, potentially affecting the SPY ETF. However, the direct impact on SPY is not clear, and the overall market sentiment will play a significant role in determining the short-term price direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50