Fed's Powell Says Further Capital Increases Are Going To Be On The Table, But Will Need To Be Justified; Says
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that further capital increases will be considered but will need to be justified.
June 22, 2023 | 3:54 pm
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NEUTRAL IMPACT
Fed's Powell's statement on potential capital increases may impact the overall market, including the SPY ETF.
Although SPY is not directly mentioned, Fed's Powell's statement on potential capital increases may have an indirect impact on the overall market, which includes the SPY ETF. The impact is neutral as the statement is not definitive and requires justification for any increases.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50