Fed's Powell Says We Are Looking At If Inflation Is Still Broadly Cooling And Validating Path We Saw Over The Summer; We've Seen Periods Like That Before, But Then Data Has Bounced Back
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the Fed is examining whether inflation is still broadly cooling and validating the path observed over the summer. He noted that similar periods have been seen before, but the data has typically bounced back.
November 01, 2023 | 7:17 pm
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The Federal Reserve's stance on inflation could impact the SPY ETF. If inflation is cooling, it could potentially lead to a more dovish monetary policy, which may be positive for the stock market.
The SPY ETF tracks the S&P 500, which is sensitive to changes in monetary policy. If the Federal Reserve views inflation as cooling, it could potentially maintain or even ease its monetary policy, which is generally positive for the stock market. Therefore, the SPY ETF could potentially benefit from this situation.
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IMPORTANCE 80
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