Fed Chair's Powell Says We Will Do Anything To Get Inflation Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed will do anything necessary to bring inflation down, according to Bloomberg.
July 26, 2023 | 7:16 pm
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NEUTRAL IMPACT
The Federal Reserve's commitment to tackle inflation could impact the broader market, potentially affecting the SPY ETF.
The Federal Reserve's actions to control inflation can have wide-ranging effects on the economy and the stock market. While it's unclear exactly how these actions will impact the SPY ETF in the short term, it's likely that there will be some effect given the ETF's broad market exposure.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75