Powell Says Object Is To Reach A Stance Of Policy That Is Sufficiently Restrictive, Have Not Made Any Decision About How Much More Firming May Be Appropriate
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that the objective is to reach a policy stance that is sufficiently restrictive, but no decision has been made on how much more firming may be appropriate.
May 19, 2023 | 3:47 pm
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NEGATIVE IMPACT
Fed Chair Powell's comments on reaching a restrictive policy stance may impact the SPY ETF as investors react to potential changes in interest rates.
Fed Chair Powell's comments on reaching a restrictive policy stance indicate potential changes in interest rates. This may lead to increased market volatility and impact the SPY ETF negatively in the short term as investors react to the news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75