Fed Chair Powell Says A Strong Majority Of Committee Feels There Is A Little Futher To Go With Rate Hikes
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that a strong majority of the committee believes there is a little further to go with rate hikes, indicating a potential continuation of the current monetary policy.
June 22, 2023 | 2:22 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on rate hikes may impact the SPY ETF as it reflects the overall market sentiment and reaction to monetary policy changes.
Fed Chair Powell's statement indicates a potential continuation of the current monetary policy, which may affect the overall market sentiment and impact the SPY ETF. However, the exact direction of the impact is uncertain as it depends on various factors such as economic data and investor reactions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75