Fed Chair Powell Says That Said, Result Not Guaranteed; Far Too Early To Declare Victory; Difference In Projections Reflect Lower Inflation Than Previously Expected; We Are Very Conscious Of Real Rates, Is A Part Of How We Think About Thing
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell has indicated that while there are positive signs in the fight against inflation, it is too early to declare victory. The difference in projections reflects lower inflation than previously expected, and the Fed is very conscious of real interest rates as a part of their decision-making process.
December 13, 2023 | 7:49 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on inflation and interest rates may influence investor sentiment and cause market volatility, potentially impacting SPY as it tracks the broader market.
Powell's remarks suggest a cautious approach to monetary policy, which can lead to uncertainty in the markets. As SPY tracks a broad range of stocks, it is sensitive to changes in market sentiment driven by such policy updates. However, without specific policy changes announced, the immediate impact may be neutral with increased volatility.
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