Fed Chair Powell Says Fed Does See More Rate Hikes Coming But With More Data; We Are Close To Where The Destination Is On Rates; It Makes Sense To Move At A Careful Pace; We Don't Want To Overdo It
Portfolio Pulse from Happy Mohamed
Fed Chair Powell stated that the Federal Reserve sees more rate hikes coming, but with more data. He emphasized that they are close to the destination on rates and it makes sense to move at a careful pace, not wanting to overdo it.
June 22, 2023 | 3:05 pm
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NEUTRAL IMPACT
Fed Chair Powell's cautious approach to rate hikes may impact the SPY ETF as it reflects the overall market sentiment.
Fed Chair Powell's statement on moving at a careful pace with rate hikes indicates a cautious approach to monetary policy. This may have a neutral impact on the SPY ETF as it reflects the overall market sentiment, with investors potentially interpreting the statement in different ways.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50