Fed's Powell Says FOMC Strongly Committed To Getting Inflation To 2%; Says Won't Achieve Strong Labor Mkt Without Price Stability
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Federal Open Market Committee (FOMC) is strongly committed to achieving a 2% inflation rate. He also emphasized that a strong labor market cannot be achieved without price stability.
July 26, 2023 | 6:34 pm
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The Federal Reserve's commitment to a 2% inflation rate and price stability could impact the SPY ETF, which tracks the S&P 500. The Fed's policies often influence the overall market direction.
The SPY ETF, which tracks the S&P 500, is often influenced by the Federal Reserve's policies. The commitment to a 2% inflation rate and price stability could impact the overall market direction, and thus the SPY ETF. However, the exact impact is uncertain and depends on various other factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75