Fed Chair Powell Says Beginning To See Housing Services Inflation Flatten Out, But At A Sluggish Pace; As Long As Inflation In New Leases Is Low It Will Eventually Show Up In Headline Inflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell noted that housing services inflation is starting to flatten, albeit slowly. He mentioned that low inflation in new leases will eventually reflect in headline inflation.
September 30, 2024 | 6:20 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility as investors react to Fed Chair Powell's comments on inflation trends, particularly in housing services.
SPY, as a broad market ETF, is sensitive to macroeconomic indicators like inflation. Powell's comments suggest a slow change in inflation trends, which could lead to mixed market reactions.
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