Fed's Powell Says We Are Very Focused On Getting Confident We Have Achieved A Sufficiently Restrictive Stance Of Policy; High Inflation Inflation Is Painful For People; Supply Side Gains Have Really Been Helping, But Those Things Will Run Their Course
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the Fed is focused on achieving a sufficiently restrictive stance of policy. He acknowledged that high inflation is painful for people and noted that supply side gains have been beneficial but will eventually run their course.
November 01, 2023 | 6:55 pm
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The Federal Reserve's focus on a restrictive policy stance could impact the broader market, potentially leading to increased volatility. High inflation could also negatively affect consumer spending, which could impact the performance of the SPY ETF.
The Federal Reserve's policy decisions have a significant impact on the broader market. A more restrictive policy stance could lead to increased market volatility, which could negatively impact the performance of the SPY ETF. Additionally, high inflation could reduce consumer spending, which could also negatively affect the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 75