Powell notes there will be two more job reports and two more CPI reports as well as other data to assess by the September FOMC meeting. Federal Reserve Chairman Jerome Powell is taking questions in a press conference following the FOMC meeting.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on SPY:
- SPDR S&P 500 ETF Trust: Pivot points
- Smith sees ‘good opportunities’ in restaurants, ‘not ready to talk about it yet’
- Starboard looking at ‘many companies,’ Smith says
- JPMorgan says stocks reflect more positive than soft landing scenario
- SPY and QQQ ETFs are Buzzing on Reddit: Is There More Upside Left?