Powell To Testify Before Congress After Fed Pause: What The Market Is Watching For
Portfolio Pulse from Piero Cingari
Fed Chair Jerome Powell is set to testify before Congress after the Federal Reserve paused interest rate hikes. The hearings will address the Fed's recent actions and policy decisions, including the impact of the failures of Silicon Valley Bank and Signature Bank.

June 20, 2023 | 1:42 pm
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NEUTRAL IMPACT
Powell's testimony before Congress may impact the overall market sentiment, potentially affecting the SPY ETF.
Jerome Powell's testimony before Congress will address the Federal Reserve's recent actions and policy decisions, which could impact overall market sentiment. As SPY is a broad market ETF, it may be affected by any significant changes in sentiment resulting from the testimony. However, the direct impact on SPY is uncertain, as it depends on the outcome of the hearings and the market's reaction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50