Fed's Chair Powell Says We Have Been Seeing Effects Of Increases On Demand In Most Rate-Senstive Sectors; Will Take Time For Full Effects To Be Realized
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the effects of increases on demand in most rate-sensitive sectors are already being observed, but it will take time for the full effects to be realized.
July 26, 2023 | 6:36 pm
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The SPDR S&P 500 ETF (SPY) could be affected by Powell's comments as it tracks the performance of the S&P 500, which is sensitive to changes in interest rates.
As SPY tracks the S&P 500, any changes in interest rates or comments regarding such changes can impact the ETF. However, the exact direction of the impact is uncertain as it depends on various factors including market sentiment and the specific sectors affected.
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IMPORTANCE 70
RELEVANCE 75