Fed's Chair Powell Says Inflation Has Moderated Somewhat
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that inflation has somewhat moderated, according to Reuters. This statement could potentially influence the overall market sentiment.
July 26, 2023 | 6:35 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on inflation moderation could influence the overall market, potentially impacting SPY.
The statement from the Federal Reserve Chair about inflation moderation could influence the overall market sentiment. As SPY is a broad market ETF, it could be impacted by this change in sentiment. However, the exact direction of the impact is uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75