Fed Chair's Powell Says Would Stop Raising Before Getting To 2% Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed would stop raising interest rates before reaching a 2% inflation rate, according to Bloomberg.
July 26, 2023 | 7:09 pm
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POSITIVE IMPACT
The statement by Fed Chair Jerome Powell could impact the SPY ETF, as changes in interest rates can influence the overall stock market.
The Federal Reserve's interest rate decisions have a significant impact on the stock market. If the Fed stops raising rates before reaching 2% inflation, it could lead to a more favorable environment for stocks, potentially benefiting the SPY ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80