Fed's Powell Says Market Rents Take Years To Get All The Way Into Rents For Rollover Tenants; I Am Confident That As Long As Market Rents Remain Low, This Will Show Up Inflation; So It Takes Some Time, Am Confident That This Will Show Up In Measured Inflation If Market Rents Remain Low; We Are Less Confident On When Exactly That Will Be
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Powell stated that market rents take years to fully impact rents for rollover tenants. He expressed confidence that if market rents remain low, this will eventually reflect in measured inflation, although the exact timing is uncertain.
May 01, 2024 | 7:12 pm
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NEUTRAL IMPACT
Powell's comments on inflation and market rents may influence investor sentiment, potentially impacting SPY as it reflects broader market trends.
While Powell's comments directly address inflation and rent dynamics, they indirectly affect market sentiment and expectations, which can influence SPY. However, the impact is not direct and depends on broader market interpretation and reaction to these comments.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50