Fed's Powell Says Focused On Looking At Data And Giving Ourselves A Little More Time Now To Parse It In Order To Decide Policy Stance; Wage Increases Have Really Come Down Significantly Over Last 18 Months; Closer To Being Consistent With Inflation At 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the Fed is taking more time to analyze data before deciding on its policy stance. He also noted that wage increases have significantly decreased over the last 18 months, aligning more closely with a 2% inflation rate.
November 01, 2023 | 7:14 pm
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NEUTRAL IMPACT
The Federal Reserve's decision to take more time to analyze data before deciding on its policy stance could impact the SPY ETF. The decrease in wage increases aligning with a 2% inflation rate could also influence the ETF.
The Federal Reserve's policy decisions can significantly impact the stock market, and by extension, the SPY ETF. The decrease in wage increases, aligning with a 2% inflation rate, could suggest a stable economic environment, which could influence investor sentiment and the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50