Fed Chair Powell Says Nonetheless We Need To Get To A Place Where We Are Confident We Can Bring Inflation Down To 2% Over Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that it is necessary to reach a point where there is confidence in bringing inflation down to 2% over time.
September 20, 2023 | 6:46 pm
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NEUTRAL IMPACT
Powell's statement on inflation may impact the SPY ETF, as changes in inflation expectations can influence market sentiment.
The SPY ETF tracks the S&P 500, which is sensitive to changes in inflation expectations. If investors believe the Fed can control inflation effectively, this could stabilize market sentiment and potentially benefit the SPY ETF. However, the direct impact is uncertain as it also depends on other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50