Fed's Chair Powell Says We're Highly Attentive To Risks Inflation Poses To Both Sides Of Mandate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the Fed is highly attentive to the risks inflation poses to both sides of its mandate. This comes amid concerns about rising inflation in the US.
July 26, 2023 | 6:35 pm
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NEUTRAL IMPACT
The statement by Fed Chair Jerome Powell may impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to changes in monetary policy.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in monetary policy. If the Fed's stance on inflation leads to changes in monetary policy, it could impact the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50