Fed's Chair Powell Says Want To See Growth At Moderate Or Modest Levels
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has expressed a desire to see growth at moderate or modest levels, according to Reuters.
July 26, 2023 | 6:51 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on desired growth levels could impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic indicators.
The SPY ETF, which tracks the S&P 500, is often influenced by macroeconomic indicators and statements from key figures like Fed Chair Powell. His comments on desired growth levels could therefore have an impact on the ETF's performance, although the direction of this impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75