Fed Chair Powell Says U.S. Economy Quite Resisilient And Latest Data Consistent With That
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the U.S. economy is quite resilient, with the latest data being consistent with this view.
June 28, 2023 | 2:04 pm
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POSITIVE IMPACT
The statement by Fed Chair Powell about the resilience of the U.S. economy may have a positive impact on the SPY ETF, which tracks the S&P 500 and is a broad measure of the U.S. stock market.
The SPY ETF is a broad measure of the U.S. stock market. Positive comments about the U.S. economy from the Fed Chair, who is a highly influential figure in financial markets, can boost investor confidence and potentially lead to an increase in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50