Fed Chair Powell Says Significant Disinflation In Pipeline From Rents But It Will Take Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has indicated that significant disinflation is expected due to the impact on rents, but it will take time for this to materialize.

June 28, 2023 | 1:55 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be indirectly affected by the predicted disinflation due to its broad exposure to the US economy.
The SPY ETF tracks the S&P 500 and thus has broad exposure to the US economy. Disinflation, particularly in the housing sector, could impact a range of companies within the index, potentially leading to lower earnings and slower economic growth. However, the impact is indirect and will take time to materialize, hence the neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50