Fed's Chair Powell Says Will Be Looking To See If Signal From June CPI Is Replicated
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that he will be looking to see if the signal from June's Consumer Price Index (CPI) is replicated.
July 26, 2023 | 6:44 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by Fed Chair Powell's comments on the CPI. If the CPI signal is replicated, it could influence the Fed's monetary policy decisions, potentially affecting the stock market and the SPY ETF.
The SPY ETF tracks the S&P 500, and thus, any significant changes in the US economy or monetary policy can impact its performance. If the CPI signal from June is replicated, it could indicate inflation trends that the Fed might respond to with changes in interest rates or other monetary policy decisions. These changes could, in turn, affect the stock market and the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75