Fed's Powell Says Policy May Not Be Restrictive Enough, May Not Be Restrictive For Long Enough; As You Get Closer To Target, You're Closer To Place Where Risks More In Balance
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell has indicated that the current monetary policy may not be restrictive enough and may not remain restrictive for a sufficient duration. As the economy gets closer to the Fed's target, the risks become more balanced.
June 28, 2023 | 1:45 pm
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The comments from Federal Reserve Chairman Jerome Powell could potentially impact the SPY ETF. If the monetary policy becomes more restrictive, it could slow economic growth, which may negatively affect the stock market and the SPY ETF.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. If the Federal Reserve's monetary policy becomes more restrictive, it could slow economic growth, which may lead to lower corporate earnings and potentially lower stock prices. This could negatively impact the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75