Fed Chair Powell Says Ideally Will Get Inflation Under Control With As Little As Possible Damage To Labor Market, Economy
Portfolio Pulse from Happy Mohamed
Fed Chair Powell stated that the goal is to get inflation under control with minimal damage to the labor market and economy.
June 22, 2023 | 2:51 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on controlling inflation with minimal damage to the labor market and economy may impact the overall market sentiment.
Fed Chair Powell's statement indicates a cautious approach to controlling inflation, which may have mixed effects on the market. While it shows the Fed's commitment to maintaining economic stability, it also highlights the ongoing inflation concerns. This may lead to a neutral short-term impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50