Fed Chair Powell Says By July Rates Decision Will Have Three Months Worth Of Data; We Will Look At All The Data, The Evolving Outlook, And Will Make The Decision In July
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the decision on interest rates in July will be based on three months' worth of data, considering all available information and the evolving economic outlook.
June 14, 2023 | 6:49 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on the July interest rates decision may impact the SPY ETF as it reflects the overall market sentiment.
Fed Chair Powell's statement on the July interest rates decision will be based on three months' worth of data, considering all available information and the evolving economic outlook. This may impact the SPY ETF as it reflects the overall market sentiment. However, the exact direction of the impact is uncertain as it depends on the data and the Fed's decision.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50