Fed's Chair Powell Says No One Should Doubt That We Will Use Tools To Bring Inflation To Target
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that no one should doubt the Fed's commitment to using its tools to bring inflation to target. This statement comes amid concerns about rising inflation in the US.
July 26, 2023 | 6:54 pm
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The statement by Fed Chair Jerome Powell may impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to changes in monetary policy.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in monetary policy. The statement by Jerome Powell reassures the market of the Fed's commitment to control inflation, which could stabilize the market and indirectly impact the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50