Fed's Williams Says Inflation Is Still Too High, Price Stability Essential For Economy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's John Williams has stated that inflation is still too high and price stability is essential for the economy. This could potentially impact the overall market, including ETFs like SPY.
September 29, 2023 | 4:48 pm
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NEGATIVE IMPACT
Fed's comments on high inflation and the need for price stability could potentially impact SPY, as it reflects the overall market.
High inflation can lead to increased interest rates, which can negatively impact the stock market. As SPY is a broad market ETF, it could be affected by these macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75