Fed's Powell Says I Still Believe And Colleagues Also That It Is Likely We Will Need To See Slower Growth, Softening In Labor Market Conditions; Still Very Hard To Say The Length Of Lags Of Policy; We Have To Make Policy Under Great Uncertainty
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that he and his colleagues believe that slower growth and a softening labor market are likely. He also mentioned the difficulty in predicting the length of policy lags and the need to make policy under great uncertainty.
November 01, 2023 | 6:56 pm
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NEGATIVE IMPACT
The Federal Reserve's anticipation of slower growth and a softening labor market could potentially impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF, which tracks the S&P 500 index, could be impacted by the Federal Reserve's outlook. Slower growth and a softening labor market could lead to a decrease in investor confidence, potentially leading to a decrease in the value of the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75