Fed's Chair Powell Says We're Going To Be Careful About Taking Too Much Signal From A Single Reading On Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the Fed will be cautious about drawing too many conclusions from a single inflation reading. This statement suggests a measured approach to monetary policy adjustments in response to inflation data.
July 26, 2023 | 6:43 pm
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Powell's statement suggests a cautious approach to monetary policy adjustments, which could impact the broader market, including ETFs like SPY.
Powell's statement indicates a cautious approach to interpreting inflation data, which could influence the Fed's monetary policy decisions. These decisions can have a significant impact on the broader market, including ETFs like SPY. However, the exact impact will depend on future inflation readings and the Fed's subsequent actions.
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