Fed's Powell Says Outcome Is Not As In Doubt Now Though; Says We Will Get Down To 2% Inflation; Says We Will Get Down To 2% Inflation; Says Ultimately We Will Get What We Need To Get Out Of The Housing Services Inflation Too
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell expressed confidence in achieving a 2% inflation target, including addressing housing services inflation. This suggests a stable economic outlook.
September 18, 2024 | 7:07 pm
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POSITIVE IMPACT
Fed Chair Powell's confidence in achieving a 2% inflation target suggests a stable economic outlook, which could positively impact SPY as it reflects the broader market.
SPY, as an ETF that tracks the S&P 500, is likely to be positively impacted by Powell's comments on achieving a 2% inflation target. This indicates a stable economic environment, which is generally favorable for the stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50