Fed's Powell Says Economy Not Extremely Bad, Just Pockets of Weakness; No Decision Made About Future Meetings
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the economy is not extremely bad but has pockets of weakness. No decision has been made about future meetings.
July 31, 2024 | 7:05 pm
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Federal Reserve Chairman Jerome Powell's comments suggest a mixed economic outlook, which could lead to market uncertainty. SPY, as an ETF tracking the S&P 500, may experience volatility.
Powell's comments indicate that while the overall economy isn't extremely bad, there are areas of weakness. This mixed message can create uncertainty in the market, affecting SPY, which tracks the S&P 500.
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