Fed's Powell Says 2% Is Our Goal And Will Remain Our Goal; We're Not Considering Changing It Because Of War In Ukraine
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell stated that the 2% inflation target remains unchanged despite the ongoing war in Ukraine. The Fed is not considering any adjustments to its goal.
June 21, 2023 | 4:34 pm
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NEUTRAL IMPACT
The Fed's commitment to maintaining its 2% inflation target despite the Ukraine conflict may provide stability for the overall market, as represented by the SPY ETF.
The Federal Reserve's decision to maintain its 2% inflation target indicates that it is not expecting significant disruptions to the US economy due to the Ukraine conflict. This may provide a sense of stability for the overall market, as represented by the SPY ETF. However, other factors may still influence the market's short-term performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50