Fed Chair Powell Says Reducing Inflation Is Likely To Require A Period Of Below Trend Growth, Some Softening Of Labor Conditions
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that reducing inflation will likely require a period of below-trend growth and some softening of labor conditions.
September 20, 2023 | 6:39 pm
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NEGATIVE IMPACT
The statement by Fed Chair Powell may lead to uncertainty in the market, potentially affecting the performance of SPY, an ETF that tracks the S&P 500.
The statement by Fed Chair Powell suggests a potential slowdown in economic growth and softening labor conditions to curb inflation. This could lead to uncertainty in the market, which may negatively impact the performance of SPY, an ETF that tracks the S&P 500. Investors may react to this news by adjusting their positions, leading to potential price fluctuations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50