Fed's Powell Says Takes Some Time For Inflation To Come Down; Good News Is We Are Making Progress; We Feel Like We Are On A Path To Make More Progress On Inflation; We've Come Far Enough On Policy That Risks Are Now More Two Sided
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that it will take some time for inflation to decrease, but progress is being made. He also mentioned that policy has advanced enough that risks are now more balanced.
November 01, 2023 | 7:09 pm
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NEUTRAL IMPACT
The Federal Reserve's comments on inflation and policy progress may impact the SPY ETF, which tracks the S&P 500. Balanced risks could lead to market stability.
The SPY ETF, which tracks the S&P 500, is likely to be impacted by the Federal Reserve's comments. If the Fed is making progress on inflation and policy, this could lead to more balanced risks and potentially more market stability, which would impact the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75