Fed's Powell Says Want To See Core PCE Moving Down Decisively; We Want To See It Moving Down Decisively; We Want To Get Inflation Down To 2% With Minimum Damage To Economy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell emphasized the need to see core PCE inflation decrease decisively, aiming to bring it down to 2% with minimal damage to the economy.
June 14, 2023 | 6:59 pm
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NEUTRAL IMPACT
Fed's Powell's comments on reducing core PCE inflation may impact the overall market, including the SPY ETF.
Jerome Powell's statement on reducing core PCE inflation to 2% with minimal economic damage indicates the Fed's commitment to maintaining a stable economy. While this may not directly impact individual stocks, it could influence the overall market sentiment and affect the SPY ETF, which tracks the S&P 500. However, the impact is uncertain as it depends on how the market interprets and reacts to Powell's comments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50