Powell Says Doesn't See Getting Back To 2% Inflation Until 2025 Or So
Portfolio Pulse from Bill Haddad
Federal Reserve Chairman Jerome Powell has stated that he does not foresee a return to 2% inflation until around 2025. This could potentially impact the overall market and the SPY ETF.
July 26, 2023 | 7:09 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by Powell's statement on inflation. A delayed return to 2% inflation could potentially slow economic growth, affecting the overall market and the ETF.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Powell's statement about a delayed return to 2% inflation suggests a slower economic recovery, which could negatively impact the overall market and, by extension, the SPY ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80