Fed's Powell Says It's Possible We Are Going Into A More Inflationary Period, But It's Hard To Know; Fed's Issue Is Trying To Get Policy Right To Bring Inflation Back To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has indicated that the US could be entering a period of higher inflation, but it's difficult to predict. The Fed's challenge is to adjust its policy to bring inflation back to the 2% target.
October 19, 2023 | 4:37 pm
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NEGATIVE IMPACT
The potential for higher inflation could impact the SPY ETF, as it tracks the S&P 500, which is sensitive to changes in monetary policy and inflation.
Higher inflation can lead to increased interest rates, which can negatively impact stock prices. As SPY tracks the S&P 500, it is likely to be affected by these macroeconomic changes.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75