Fed's Chair Powell Says It Will Strengthen Public Perception Of Inflation Coming Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the Fed will work to strengthen the public perception of inflation coming down.
July 26, 2023 | 6:46 pm
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The Federal Reserve's commitment to manage inflation perceptions could impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic changes.
The SPY ETF, which tracks the S&P 500, is often influenced by macroeconomic factors such as inflation. While the Fed's commitment to manage inflation perceptions doesn't directly impact the ETF, it could indirectly affect investor sentiment and market dynamics, potentially influencing the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75