Fed's Powell Says I Don't Know That Housing Itself Will Drive Rates Picture, But It's Part Of It; It's Not Our Job To Judge Fiscal Policy; Fed Will Not Finance U.S. Debt
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that housing may not be the primary driver of interest rates, but it plays a part. He also emphasized that the Fed's role is not to judge fiscal policy and will not finance U.S. debt.
June 14, 2023 | 7:07 pm
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NEUTRAL IMPACT
Fed's Powell comments on housing's role in interest rates and the Fed's stance on fiscal policy and U.S. debt may influence market sentiment.
While Powell's comments do not directly target any specific company or ETF, they provide insight into the Fed's stance on interest rates and fiscal policy. This information may influence market sentiment and affect the overall market, including the SPY ETF. However, the impact is likely to be neutral in the short term as the comments do not provide any significant new information or policy changes.
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IMPORTANCE 60
RELEVANCE 50