Fed Chair Powell Says Attentive To Risks On Both Sides Of Mandate; Need Greater Confidence On Inflation; Q2 Inflation Readings Have Added To Confidence On Inflation; Q2 Inflation Readings Have Added To Our Confidence; We Will Carefully Assess Incoming Data For Future Decisions; We Will Take Actions That Promote Our Dual Goals; Policy Is Well-Positioned; Policy Is Well Positioned To Deal With Dual Mandate Risks
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell emphasized the need for greater confidence in inflation control and stated that Q2 inflation readings have bolstered this confidence. He mentioned that the Fed will carefully assess incoming data for future decisions and take actions to promote their dual goals. Powell believes current policy is well-positioned to handle dual mandate risks.
July 31, 2024 | 6:36 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fed Chair Powell's comments on increased confidence in inflation control and the Fed's careful assessment of incoming data are likely to positively impact SPY in the short term. The reassurance of well-positioned policy to handle risks may boost investor confidence.
Powell's comments suggest a stable economic outlook and effective policy measures, which are likely to reassure investors and positively impact SPY. The focus on inflation control and careful data assessment aligns with market expectations for stability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80