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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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
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RELEVANCE 80