Fed's Powell Says I Assume We Will Continue To See Goods Prices Continue Into A New Equilibrium
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell indicated that goods prices are expected to continue adjusting towards a new equilibrium, suggesting ongoing inflationary pressures or adjustments in the economy.
March 20, 2024 | 6:44 pm
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NEUTRAL IMPACT
Powell's comments on goods prices adjusting towards a new equilibrium may lead to increased market volatility, impacting SPY as it reflects the broader market.
Powell's statement suggests ongoing economic adjustments, which can lead to market uncertainty. As SPY mirrors the broader market, it's likely to experience volatility due to these economic signals. However, the direction of the impact is uncertain, hence a neutral score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75