'Fed's Powell Says Interest-Rate Pause Is Expected To Be Temporary' - WSJ
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell stated that the current pause in interest rate hikes is expected to be temporary, as the central bank continues to monitor economic data. This statement may impact the stock market and ETFs like SPY.
June 21, 2023 | 12:39 pm
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NEUTRAL IMPACT
The temporary pause in interest rate hikes, as stated by Fed Chairman Jerome Powell, may impact the stock market and ETFs like SPY.
The statement by Fed Chairman Jerome Powell indicates that the pause in interest rate hikes is temporary. This may create uncertainty in the stock market, leading to potential fluctuations in the short term. As SPY is an ETF that tracks the S&P 500, it may be impacted by these fluctuations. However, the exact direction of the impact is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75