Fed Chair Powell Says Most Policymakers Thought It Is Reasonable To Adjust Pace Slower; We Don't Know Full Extent Of Banking Turmoil Consequences; We Are Trying To Get This Right
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that most policymakers believe it is reasonable to adjust the pace of monetary policy tightening slower, as the full extent of banking turmoil consequences is unknown.
June 14, 2023 | 6:48 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fed Chair Powell's statement on a slower pace of monetary policy tightening may lead to short-term positive sentiment for the broader market, as represented by the SPY ETF.
Fed Chair Powell's statement indicates a more cautious approach to monetary policy tightening, which may alleviate concerns about the potential negative impact on the broader market. This could lead to short-term positive sentiment for the SPY ETF, as it represents the broader market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75