Fed's Powell Says A Few Months Of Good Inflation Data 'Only The Beginning' Of What It Will Take; We Still Have A Long Way To Go To Get Down To 2%; Our Restrictive Stance Is Putting Downward Pressure On Economic Activity And Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that a few months of good inflation data is only the beginning of what it will take to get down to the 2% target. He added that the Fed's restrictive stance is putting downward pressure on economic activity and inflation.
November 01, 2023 | 6:35 pm
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NEGATIVE IMPACT
The Federal Reserve's restrictive stance and its impact on economic activity and inflation could potentially affect the performance of SPY, an ETF that tracks the S&P 500.
The Federal Reserve's policies have a significant impact on the overall economy, which in turn affects the stock market. As SPY tracks the S&P 500, any changes in economic activity and inflation due to the Fed's policies could potentially impact its performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 75