Fed's Powell Says We See Housing Putting In A Bottom, Maybe Moving Up A Bit; We Will See Rents Filtering Into Housing Services Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the housing market is bottoming out and may start to rise, with rents expected to contribute to housing services inflation.
June 14, 2023 | 7:05 pm
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NEUTRAL IMPACT
Fed's Powell's comments on housing market bottoming out and potential rise may have a neutral impact on SPY.
The housing market bottoming out and potentially rising may have a neutral impact on the broader market, as represented by SPY. While a recovering housing market can be a positive sign for the economy, the impact on SPY will depend on other factors such as interest rates, inflation, and overall economic growth.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50