Fed Chair Powell Says On Soft Landing, Have Always Thought There Was A Path To It
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has expressed optimism about the possibility of a soft landing for the economy, stating that he has always believed there was a path to it.
September 20, 2023 | 6:50 pm
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POSITIVE IMPACT
Fed Chair Powell's comments about a potential soft landing for the economy could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500.
The SPY ETF, which tracks the S&P 500, is likely to be influenced by investor sentiment towards the overall economy. Powell's comments about a potential soft landing could therefore have a positive impact on the ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75