Fed's Powell Says Letting Higher Inflation Expectations Get Embedded Is A Prescription For Misery; Inflation Expectations Are In A Good Place; It's Clear That Inflation Expectations Are In A Good Place; There's No Crack In That Armor
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that allowing higher inflation expectations to become embedded would lead to misery. He reassured that inflation expectations are currently in a good place and there's no crack in that armor.
November 01, 2023 | 7:10 pm
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Powell's comments on inflation expectations being in a good place may reassure investors, potentially having a positive impact on the SPY ETF.
The SPY ETF tracks the S&P 500, which is sensitive to changes in monetary policy and inflation expectations. Powell's comments may reassure investors about the stability of the economy, potentially leading to increased confidence in the market and a positive impact on the SPY ETF.
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