Fed's Powell Says I Don't Think There's A Fundamental Shift In How Rates Affect Economy; The Fact That We Have Strong Economy And Job Market, These Are Elements We Want To See
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that he does not believe there is a fundamental shift in how rates affect the economy. He noted that the strong economy and job market are elements that the Fed wants to see.
October 19, 2023 | 4:27 pm
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POSITIVE IMPACT
Powell's comments about the strength of the economy and job market, as well as the stability of interest rates, could have a positive impact on the SPY ETF, which tracks the S&P 500.
The SPY ETF tracks the S&P 500, which is a broad representation of the US economy. Powell's comments about the strength of the economy and job market, as well as the stability of interest rates, could boost investor confidence and lead to a positive impact on the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75