Fed Chair Powell Says While Raising Rates Can Be Painful, It Slows Demand; We Want To Get Back To Price Stablity; Want To Get Back To That Place Where Inflation Is Low Enough That People Don't Think About It
Portfolio Pulse from Happy Mohamed
Fed Chair Powell stated that raising interest rates can be painful, but it slows demand and helps achieve price stability. The goal is to reach a low inflation level where people don't think about it.
June 21, 2023 | 3:33 pm
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NEGATIVE IMPACT
Fed Chair Powell's comments on raising interest rates may impact the overall market, including the SPY ETF.
Raising interest rates can lead to a decrease in stock prices as borrowing costs increase, making investments less attractive. This may negatively impact the overall market, including the SPY ETF, which tracks the S&P 500.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75