Fed's Powell Says Don't Really Understand Where Talk Of Stagflation Scenario Is Coming From Given U.S. Data; We Will Return Inflation To 2%; I Don't See The 'Stag' Or The 'Flation'
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell dismissed concerns about stagflation in the U.S., emphasizing confidence in returning inflation to the 2% target. He questioned the basis of stagflation discussions, highlighting that current U.S. data does not support such a scenario.
May 01, 2024 | 6:58 pm
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Powell's dismissal of stagflation and commitment to a 2% inflation target may boost investor confidence, potentially positively impacting SPY.
Powell's comments are likely to reassure investors about the U.S. economic outlook, reducing fears of stagflation. This optimism can lead to a positive sentiment in the market, potentially benefiting SPY as it reflects the broader U.S. stock market.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80