Fed Chair Powell Says We Are Very Far From Our Inflation Target, Focused On Getting Back To 2%; Inflation Hits Lower-Middle-Income Communities Much Harder Than People On The High End Of Income
Portfolio Pulse from Happy Mohamed
Fed Chair Powell stated that the US is far from its inflation target and is focused on returning to 2%. He also mentioned that inflation affects lower-middle-income communities more than high-income individuals.
June 21, 2023 | 2:42 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Fed Chair Powell's comments on inflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Fed Chair Powell's comments on inflation and its impact on lower-middle-income communities may influence market sentiment. While the SPY ETF is not directly mentioned, it is a broad market indicator and could be affected by changes in sentiment. However, the short-term impact is uncertain, as the market may have already priced in Powell's views on inflation.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50