Fed's Powell Says Inflation Remains Above Our Goal; Says Inflation Has Eased Notably
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that inflation remains above the Fed's target, despite having eased notably. This indicates ongoing concerns about inflationary pressures in the economy.
March 20, 2024 | 6:36 pm
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NEUTRAL IMPACT
The statement by Fed Chair Powell on inflation may lead to increased volatility in the SPY ETF, as investors react to potential implications for interest rates and monetary policy.
Powell's remarks on inflation being above the Fed's target, despite easing, could lead to market speculation about future interest rate hikes or adjustments in monetary policy, impacting investor sentiment and potentially leading to increased volatility in the SPY ETF. However, without specific policy announcements, the immediate impact may be neutral, with a focus on future Fed actions.
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