'Chair Jerome H. Powell Testimony Semiannual Monetary Policy Report To The Congress Before The Committee On Financial Services, U.S. House Of Representatives On June 21, 2023' - Prepared Statement
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell testified before Congress, stating that the Fed remains focused on promoting maximum employment and stable prices. The economy has slowed, and inflation remains above the 2% goal. The Fed has tightened monetary policy, raising interest rates and reducing securities holdings.
June 21, 2023 | 12:41 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Fed Chair Jerome Powell's testimony before Congress indicates a continued focus on maximum employment and stable prices, with tightened monetary policy. This may impact the overall market, including the SPY ETF.
Jerome Powell's testimony indicates that the Federal Reserve is focused on promoting maximum employment and stable prices, which may impact the overall market. The Fed has tightened monetary policy by raising interest rates and reducing securities holdings, which could affect the performance of the SPY ETF. However, the impact on the ETF is uncertain, as it depends on the overall market reaction to the testimony and the Fed's actions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50