Fed's Powell Says Committed To Achieving A Sufficiently Restrictive Stance; Attentive To Recent Data Showing Resilence Of Economic Data And Demand For Labor; These Could Put Further Progress On Inflation At Risk
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed is committed to achieving a sufficiently restrictive stance. He also noted that recent data showing the resilience of economic data and demand for labor could put further progress on inflation at risk.
November 01, 2023 | 6:36 pm
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The Federal Reserve's commitment to a restrictive stance and concerns about inflation could impact the SPY ETF, which tracks the S&P 500.
The Federal Reserve's monetary policy has a significant impact on the overall market, which the SPY ETF tracks. A restrictive stance could slow economic growth, potentially leading to a decrease in stock prices. Additionally, concerns about inflation could lead to increased market volatility, which could also negatively impact the ETF.
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IMPORTANCE 85
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