Fed's Chair Powell Says Stronger Growth Over Time Could Add To Inflation And May Require A Policy Response
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has indicated that stronger growth over time could lead to inflation, which may necessitate a policy response. This could potentially impact the broader market, including ETFs like SPY.
July 26, 2023 | 6:42 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by potential inflation and subsequent policy responses suggested by Fed Chair Powell.
Inflation can lead to higher interest rates, which can negatively impact stock prices. As SPY tracks the S&P 500, it could be negatively impacted by potential inflation and subsequent policy responses.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75