Fed Chair Powell Says Haven't Worked Out If We Will Follow A Threshold-based Path For Cutting Rates; Have Seen Real Progress On Core Inflation; We've Seen Reasonable Progress In Non-Housing Services Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell indicates uncertainty about whether the Federal Reserve will adopt a threshold-based approach for rate cuts. He acknowledges progress in core inflation and non-housing services inflation, suggesting a cautious approach to monetary policy adjustments.
December 13, 2023 | 8:05 pm
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Fed Chair Powell's comments on inflation progress and uncertainty about rate cuts may lead to cautious optimism in the market, potentially affecting SPY as it tracks the broader market sentiment.
Powell's comments suggest a careful approach to monetary policy, which can lead to mixed reactions in the market. While progress on inflation is positive, uncertainty about rate cuts could cause some investors to remain cautious. SPY, which reflects the S&P 500, may see limited short-term impact as the market digests this information.
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RELEVANCE 70