Fed's Powell Says Don't See A Lot Of Evidence Of Additional Credit Tightening On Top Of What Had Been Seeing, But Keeping Our Eyes Out For That
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that there is not much evidence of additional credit tightening beyond what has been observed, but the Fed will continue to monitor the situation.
June 22, 2023 | 3:32 pm
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NEUTRAL IMPACT
Fed's Powell's statement on credit tightening may have a neutral impact on the S&P 500 ETF (SPY) as the Fed continues to monitor the situation.
The statement by Fed's Powell does not indicate any immediate changes in monetary policy or credit conditions, which may not have a significant short-term impact on the S&P 500 ETF (SPY). However, the Fed's monitoring of the situation may influence future decisions that could affect the market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50