Fed Chair Powell Says Did Not Discuss Whether To Go To An Every-other-meeting Approach; We Didn't Make A Decision About July; July Meeting Will Be A Live Meeting
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the Fed did not discuss whether to switch to an every-other-meeting approach and made no decision about the July meeting, which will be a live meeting.
June 14, 2023 | 6:44 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on not discussing an every-other-meeting approach and no decision on July meeting may cause uncertainty in the market, potentially impacting SPY.
Fed Chair Powell's statement indicates that there is no clear decision on the frequency of meetings or the July meeting. This uncertainty may cause fluctuations in the market, which could impact the SPY ETF. However, the direct impact on SPY is not explicitly mentioned in the article.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50