Fed Chair Powell Says Full Effects Of Tightening Yet To Be Felt
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the full effects of the central bank's tightening measures have not yet been felt. This statement suggests that the impact of the Fed's actions on the economy and the markets may be more significant in the future.
July 26, 2023 | 6:33 pm
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The SPY ETF, which tracks the S&P 500, could be affected by the Federal Reserve's tightening measures. As these measures are fully felt, they could potentially lead to increased market volatility and impact the value of the ETF.
The SPY ETF tracks the S&P 500, a broad market index that is sensitive to changes in monetary policy. As the Federal Reserve's tightening measures are fully felt, they could lead to increased market volatility and potentially impact the value of the ETF. This is because tighter monetary policy often leads to higher interest rates, which can make stocks less attractive compared to other investments.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80