Fed Chair Powell Says Policy Hasn't Been Retractive For Very Long; We Believe There's More Restriction Coming, Driven By Labor Market; Strong Majority For Two More Rate Hikes In Dot Plot
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell has stated that the Fed's policy has not been retractive for a long period and anticipates more restriction due to the labor market. A strong majority supports two more rate hikes according to the dot plot.
June 28, 2023 | 1:45 pm
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NEGATIVE IMPACT
The Federal Reserve's anticipated policy restrictions and potential rate hikes could impact the overall market, potentially affecting the SPY ETF.
The Federal Reserve's monetary policy and interest rate decisions have a significant impact on the overall market. As the SPY ETF tracks the S&P 500, any changes in the market caused by these decisions could affect the ETF's performance. The anticipation of more restrictive policies and potential rate hikes could lead to increased market volatility, which could negatively impact the ETF in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 75