Powell Says We Think Core Inflation Is A Better Signal Of Where Headline Inflation Is Going Because Headline Inflation Is Affected By Energy And Food Prices
Portfolio Pulse from Bill Haddad
Federal Reserve Chairman Jerome Powell stated that core inflation is a better indicator of where headline inflation is heading, as the latter is influenced by energy and food prices.
July 26, 2023 | 6:50 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Powell's comments on inflation may impact the broader market, including ETFs like SPY, as they can influence monetary policy decisions.
Jerome Powell's comments on inflation are significant as they can influence the Federal Reserve's monetary policy decisions, which in turn can impact the broader market, including ETFs like SPY. However, the exact impact will depend on future inflation trends and the Fed's response.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75