Fed Chair Powell Says I Can't Tell You I Ever Have A Lot Of Confidence Where Fed Funds Rate Will Be Far In Advance; We Have Moved Much Closer To Sufficiently Restrictive; The Risks To Inflation Are To The Upside
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that he cannot predict the future of the Fed Funds Rate with high confidence, but acknowledged that they have moved closer to sufficiently restrictive levels. He also mentioned that the risks to inflation are to the upside.
June 14, 2023 | 6:52 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on the Fed Funds Rate and inflation risks may impact the overall market, as represented by the SPY ETF.
Fed Chair Powell's comments on the uncertainty of the Fed Funds Rate and inflation risks can create market volatility, affecting the overall market performance. As SPY is an ETF that tracks the S&P 500, it may be impacted by these comments, but the direction of the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50