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The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.2% on Tuesday as Federal Reserve chair Jerome Powell testified in front of the Senate Banking Committee as part of his confirmation process for a second term as Fed Chair. Inflation & Interest Rates: In his testimony, Powell said a normalized supply chain should help ease inflationary pressures in 2022, but the Fed is prepared to take aggressive measures to curb inflation if necessary.
...read full article on Benzinga
