Fed's Chair Powell Says There Is A Long Running Debate On Lags; The Clock Starts Earlier Than It Used To
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that there is an ongoing debate about the timing of economic lags, suggesting that the clock starts earlier than it used to.
July 26, 2023 | 6:53 pm
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The statement by Fed's Chair Powell may lead to a reassessment of economic forecasts, potentially impacting the broader market, including SPY.
The timing of economic lags is a key factor in economic forecasting. A shift in this timing could lead to changes in these forecasts, which could in turn impact the broader market, including ETFs like SPY. However, the exact impact is uncertain as it depends on how this information is interpreted by market participants.
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