Fed's Powell Says The Best Thing We Can Do For The U.S. Is To Fully Restore Price Stability, With Least Damage We Can; We Have Been Very Gratified That We've Made Significant Progress Without Spike In Unemployment, That's Very Welcome
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the best action for the U.S. is to fully restore price stability with minimal damage. He expressed satisfaction with the significant progress made without a spike in unemployment.
November 01, 2023 | 6:53 pm
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POSITIVE IMPACT
Powell's comments on price stability and unemployment may influence investor sentiment and impact the SPY ETF, which tracks the S&P 500.
Powell's comments indicate a positive economic outlook, which can boost investor sentiment. As SPY tracks the S&P 500, a broad market index, positive sentiment can lead to an increase in the ETF's price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75