Fed's Powell Says Restoring Price Stability Is Our Top Priority; To Maintain Real Rates As Inflation Comes Down, Will Need To Lower Nominal Rate In Future; It Will Be Appropriate To Cut Rates When Inflation Comes Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that restoring price stability is their top priority. He mentioned that to maintain real rates as inflation comes down, they will need to lower the nominal rate in the future, and it will be appropriate to cut rates when inflation decreases.
June 14, 2023 | 7:11 pm
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Fed's Powell's statement on restoring price stability and future rate cuts may impact the overall market, including the SPY ETF.
Although SPY is not directly mentioned in the article, the Federal Reserve's actions and statements on monetary policy can have a significant impact on the overall market. As the SPY ETF tracks the S&P 500, it may be affected by these policy changes. However, the short-term impact is uncertain as the market may have already priced in the expected rate cuts.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50