Fed's Chair Powell Says Worst Outcome Would Be To Not Deal With Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the worst outcome would be to not deal with inflation, according to Reuters. This statement could potentially impact the overall market, including the SPDR S&P 500 ETF (SPY).
July 26, 2023 | 6:50 pm
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Fed Chair Powell's comments on inflation could potentially impact the SPDR S&P 500 ETF (SPY), as it reflects the overall market.
The Federal Reserve's approach to inflation can significantly impact the overall market. As SPY is a broad market ETF, any changes in the market due to inflation concerns could affect its price. Given Powell's role as Fed Chair, his comments carry significant weight and could lead to market uncertainty, potentially negatively impacting SPY in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75