Fed's Chair Powell Says Overall Resilience Of The Economy, Fact We've Achieved Disinlation So Far Without Harm To Economy, Is A Good Thing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the overall resilience of the economy and the achievement of disinflation without harm to the economy is a positive development.
July 26, 2023 | 6:42 pm
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POSITIVE IMPACT
The statement by Fed Chair Jerome Powell about the resilience of the economy and successful disinflation may have a positive impact on the SPY ETF, which tracks the S&P 500 and is a broad indicator of the US stock market.
The SPY ETF is a broad indicator of the US stock market. Positive comments from the Federal Reserve Chair about the economy often lead to increased investor confidence, which can boost the stock market and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75