Fed's Powell Says Business Contacts Saying Economy Remains Strong; Cost Of Capital Could Be Issue For Small Companies; Fed Policy Is Blunt, But It's What The Fed Has To Tackle Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the economy remains strong according to business contacts. However, he noted that the cost of capital could be an issue for small companies. He also mentioned that the Fed's policy is blunt but necessary to tackle inflation.
October 19, 2023 | 4:48 pm
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NEUTRAL IMPACT
The Federal Reserve's policy and its impact on inflation could affect the overall market, represented by SPY. The cost of capital issue for small companies could potentially impact the performance of SPY.
The Federal Reserve's policy directly impacts the overall economy and thus the stock market. The cost of capital issue for small companies could lead to a slowdown in their growth, which could potentially impact the performance of SPY, which represents a broad market index.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50