Fed's Powell Says FOMC Is Completely Unified On Need To Get To 2% Inflation, Will Do Whatever It Takes To Do That; Cannot Allow High Inflation To Get Entrenched; Getting Price Stability Is Back And Restored Will Benefit Generations
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the FOMC is fully committed to achieving a 2% inflation target and will take necessary measures to prevent high inflation from becoming entrenched. This move aims to restore price stability for future generations.
June 14, 2023 | 7:10 pm
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NEUTRAL IMPACT
Fed's commitment to a 2% inflation target and preventing high inflation may impact the overall market, including the SPDR S&P 500 ETF (SPY).
The Federal Reserve's commitment to a 2% inflation target and preventing high inflation can have an indirect impact on the overall market, including the SPDR S&P 500 ETF (SPY). However, the specific impact on SPY will depend on various factors, including market sentiment and other economic indicators.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50