Powell Says The Capital Hikes We Made In Last Cycle Have Come Through Looking Pretty Good; Fed's Inflation And Employment Mandates Are Perfectly Equal; We Should Focus Heavily On Inflation As We Are Far From That Goal Now
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell stated that the capital hikes made in the last cycle have proven effective and that the Fed's inflation and employment mandates are equally important. He emphasized focusing on inflation as it is currently far from the target goal.
June 21, 2023 | 3:18 pm
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NEUTRAL IMPACT
Powell's statement on capital hikes and focus on inflation may impact the overall market sentiment, potentially affecting the SPY ETF.
Powell's comments on the effectiveness of capital hikes and the need to focus on inflation can influence market sentiment, which may have an indirect impact on the SPY ETF. However, the direct impact on the ETF is uncertain as it depends on how the market interprets and reacts to these statements.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50