Powell's Prepared Remarks Identical To Wednesday's Testimony
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell's prepared remarks for his testimony on Thursday were identical to those he delivered on Wednesday, according to Reuters.
June 22, 2023 | 2:21 pm
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NEUTRAL IMPACT
Powell's prepared remarks being identical to Wednesday's testimony may not have a significant impact on the SPY ETF.
Since the prepared remarks are identical, there is no new information for investors to react to, which may result in a neutral impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50