Fed's Powell Says Housing Activity Has Kind Of Hit A Bottom Now; Says Strength In Housing Now Is New Buyers; Market Seems To Be Improving
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that housing activity has reached a bottom and is now improving, with new buyers driving the strength in the housing market.
June 22, 2023 | 3:36 pm
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POSITIVE IMPACT
Fed's Powell's comments on housing market improvement may have a positive impact on the overall market, including the SPY ETF.
As the housing market is a significant component of the economy, Powell's comments on its improvement may boost investor confidence, leading to a positive impact on the overall market, including the SPY ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50