Fed Chair Powell Says We Expect GDP Growth To Moderate In Coming Quarters, But Remains To Be Seen; Says A Greater Share Of Progress On Inflation Ahead May Have To Come From Tight Monetary Policy, Not Just Supply-Side Improvement
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair, Jerome Powell, has stated that GDP growth is expected to moderate in the coming quarters. He also mentioned that a greater share of progress on inflation may have to come from tight monetary policy, rather than just supply-side improvement.
November 09, 2023 | 7:06 pm
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The Federal Reserve's potential tightening of monetary policy could impact the broader market, represented by SPY. This could lead to a slowdown in economic growth and potentially lower stock prices.
The Federal Reserve's monetary policy has a significant impact on the stock market. Tightening of the policy could lead to higher interest rates, making borrowing more expensive. This could slow down economic growth and potentially lead to lower stock prices, impacting the broader market represented by SPY.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 80