Fed Chair Powell Says I'm Seeing Real Wages Are Now Positive By Most Measures; Overall, Households Are In Good Shape, With A Hot Labor Market, And Rising Wages
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that real wages are now positive by most measures, indicating that households are in good shape due to a hot labor market and rising wages.
September 20, 2023 | 7:25 pm
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POSITIVE IMPACT
The positive comments from Fed Chair Powell about the state of the economy and labor market could boost investor confidence, potentially impacting the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad measure of the US stock market. Positive comments from the Fed Chair about the economy and labor market can boost investor confidence, which can lead to increased buying activity in the stock market, potentially leading to an increase in the price of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50