Fed Chair Powell Says Headline Inflation Has Come Down, But That's Largely From Energy And Food Prices Not Principally A Function Of Monetary Policy; We Are Seeing Progress In Supply Chains; Have Not Seen Much Progress In Services Inflation
Portfolio Pulse from Happy Mohamed
Fed Chair Powell states that headline inflation has decreased mainly due to energy and food prices, not primarily due to monetary policy. He also notes progress in supply chains but not much in services inflation.
June 22, 2023 | 2:35 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on inflation and supply chains may impact the overall market, as represented by the SPY ETF.
Fed Chair Powell's comments on inflation and supply chains can influence investor sentiment and market direction, which may affect the SPY ETF. However, the impact is indirect and not specific to the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50