Fed's Powell Says Fed 'Attentive' To Signs Economy Not Cooling As Expected; Says Inflation Remains Too High
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed is attentive to signs that the economy is not cooling as expected. He also mentioned that inflation remains too high.
August 25, 2023 | 2:08 pm
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NEGATIVE IMPACT
The comments from Fed's Powell about the economy not cooling as expected and high inflation could impact the SPY ETF.
The SPY ETF tracks the S&P 500, which is sensitive to economic indicators and monetary policy. If the economy is not cooling as expected and inflation remains high, it could lead to a tightening of monetary policy, which could negatively impact the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75