Fed's Powell Says Wouldn't Take Moving At Consecutive Meetings Off The Table
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell has stated that he would not rule out the possibility of the Fed making moves at consecutive meetings. This statement comes amidst ongoing speculation about the future direction of U.S. monetary policy.
June 28, 2023 | 1:46 pm
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NEUTRAL IMPACT
The statement by Fed's Powell about the possibility of consecutive moves at Fed meetings could potentially impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in U.S. monetary policy.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in U.S. monetary policy. Therefore, any indication of potential changes in the Fed's approach to monetary policy, such as the possibility of consecutive moves at meetings, could potentially impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75