Fed Chair Powell Says When We See Inflation Flattening, And Softening, We'll Know That Tightening Is Working; By Taking A Little More Time On Tightening, We Reduce The Chance Of Going Too Far
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that when inflation flattens and softens, it will indicate that the tightening measures are working. By taking more time on tightening, the Fed aims to reduce the risk of going too far.
June 14, 2023 | 6:56 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on inflation and tightening measures may impact the overall market sentiment, potentially affecting the SPY ETF.
Fed Chair Powell's comments on inflation and tightening measures can influence the overall market sentiment. As SPY is an ETF that tracks the S&P 500, it may be affected by changes in market sentiment. However, the direct impact on SPY is uncertain, as it depends on how investors interpret and react to Powell's comments.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50