Powell Says Possible There Will Be Continued Supply Shocks But Hard To Predict; Policy Rate May Not Have To Rise As Far As Otherwise Due To Tightened Bank Credit Conditions
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that continued supply shocks are possible but hard to predict, and the policy rate may not have to rise as far as otherwise due to tightened bank credit conditions.
May 19, 2023 | 3:25 pm
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NEUTRAL IMPACT
Powell's statement on policy rate not rising as far due to tightened bank credit conditions may impact KBE.
As KBE is a bank ETF, Powell's statement on policy rate and tightened bank credit conditions may have an indirect impact on KBE. However, the overall effect is uncertain due to the unpredictability of supply shocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Powell's statement on policy rate not rising as far due to tightened bank credit conditions may impact KRE.
As KRE is a regional banking ETF, Powell's statement on policy rate and tightened bank credit conditions may have an indirect impact on KRE. However, the overall effect is uncertain due to the unpredictability of supply shocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Powell's statement on policy rate and supply shocks may have an indirect impact on SPY.
As SPY is a broad market ETF, Powell's statement on policy rate and supply shocks may have an indirect impact on SPY. However, the overall effect is uncertain due to the unpredictability of supply shocks and policy rate changes.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 40
NEUTRAL IMPACT
Powell's statement on policy rate not rising as far due to tightened bank credit conditions may impact XLF.
As XLF is a financial sector ETF, Powell's statement on policy rate and tightened bank credit conditions may have an indirect impact on XLF. However, the overall effect is uncertain due to the unpredictability of supply shocks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50