Fed's Chair Powell Says The Economy Appears To Have Significant Momentum; A Soft Landing Is A Primary Objective; That's What We Have Been Trying To Achieve; The Worst Thing We Can Do Is To Fail To Restore Price Stability
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the economy seems to have significant momentum and that a soft landing is a primary objective. He emphasized that the worst thing the Fed could do is fail to restore price stability.
September 20, 2023 | 7:04 pm
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NEUTRAL IMPACT
Powell's comments about the economy's momentum and the Fed's commitment to price stability could influence investor sentiment and impact the SPY ETF.
While the SPY ETF is not directly mentioned, it tracks the S&P 500 and is therefore influenced by overall economic conditions and monetary policy. Powell's comments could affect investor sentiment and thus impact the ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50