Fed Chair Powell Says Data Suggesting Gradual Cooling In Labor Market, But Still Have Significant Excess Demand Over Supply
Portfolio Pulse from Happy Mohamed
Fed Chair Powell stated that data suggests a gradual cooling in the labor market, with significant excess demand over supply. This may impact the broader market, including the SPY ETF.
June 21, 2023 | 2:55 pm
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Fed Chair Powell's comments on the labor market suggest a gradual cooling, which may impact the broader market, including the SPY ETF.
Fed Chair Powell's comments on the labor market indicate a gradual cooling, which may affect the broader market. As SPY is an ETF that tracks the S&P 500, it may be impacted by these changes in the labor market. However, the impact is not direct, and other factors may also influence the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50