Fed's Powell Says We Understand That People Are Experiencing High Prices, And That It's Painful; Says We Will Mentally Tend To Adjust Payroll Numbers Based On QCEW
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell acknowledges the pain caused by high prices and indicates that the Fed will adjust payroll numbers based on the Quarterly Census of Employment and Wages (QCEW).
September 18, 2024 | 7:14 pm
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NEUTRAL IMPACT
The Federal Reserve's acknowledgment of high prices and the plan to adjust payroll numbers could impact market sentiment, potentially affecting SPY, which tracks the S&P 500.
The Federal Reserve's actions and statements often influence market sentiment. Powell's acknowledgment of high prices and the plan to adjust payroll numbers could lead to market speculation about future monetary policy, impacting SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50