Fed's Powell Says When That Peters Up, The Restriction Will Show Up Probably More Sharply
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell indicated that once the current economic momentum fades, the impact of the Fed's restrictive policies will likely become more pronounced. This suggests that the central bank's efforts to curb inflation could lead to a sharper economic slowdown in the future.
January 31, 2024 | 7:54 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Powell's comments suggest a potential future economic slowdown, which could negatively impact the broad market and the SPY ETF that tracks it.
As SPY is an ETF that mirrors the S&P 500, Powell's remarks about a sharper economic slowdown due to the Fed's restrictive policies could lead to decreased investor confidence and a potential decline in the ETF's value in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80