Fed Chair Powell Says We Don't Target Particular Parts Of The Market
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the Fed does not target specific parts of the market. This statement could potentially impact the overall market sentiment and the performance of ETFs like SPY.
June 28, 2023 | 2:25 pm
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NEUTRAL IMPACT
Powell's statement that the Fed does not target specific parts of the market could influence the performance of SPY, a broad market ETF.
The Federal Reserve's policies have a broad impact on the market. While they do not target specific sectors, their decisions can influence the overall market sentiment, which in turn can affect the performance of broad market ETFs like SPY.
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