FOMC Rate Decision Full Text
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve has decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent, citing modest economic expansion, robust job gains, and elevated inflation. The Committee remains highly attentive to inflation risks and is committed to returning inflation to its 2 percent objective.
June 14, 2023 | 6:00 pm
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NEUTRAL IMPACT
The Federal Reserve's decision to maintain the target range for the federal funds rate may have a neutral impact on the SPY ETF, as the market has likely priced in this decision.
The Federal Reserve's decision to maintain the target range for the federal funds rate is an important factor for the overall market, which is represented by the SPY ETF. However, since the decision was expected, the market has likely already priced in this information, resulting in a neutral short-term impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50