Fed Chair Powell Says Need To See Loosening Of Labor Market Conditions Continue; The Things We Need For Disinflation Are Coming Into Play, Process Will Take Some Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the labor market conditions need to continue loosening and the factors required for disinflation are coming into play, but the process will take some time.
June 14, 2023 | 6:46 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on labor market and disinflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Fed Chair Powell's comments on the labor market and disinflation can influence investor sentiment and expectations about the economy. As SPY is an ETF that tracks the S&P 500, it may be affected by changes in market sentiment. However, the impact is uncertain as the process will take time and the market may have already priced in these expectations.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50