Fed Chair Powell Says I Am Seeing Measured Housing Services Inflation Easing On Rents
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has noted that inflation in housing services, particularly rents, is showing signs of easing.
September 20, 2023 | 7:16 pm
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NEUTRAL IMPACT
The easing of inflation in housing services, as noted by Fed Chair Powell, may have a stabilizing effect on the broader market, potentially impacting SPY.
The SPY ETF tracks the S&P 500, which represents the broader US market. Any significant macroeconomic changes, such as a shift in inflation trends, can impact the performance of the ETF. However, the direct correlation between housing services inflation and SPY is not straightforward, hence the neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50