Fed's Chair Powell Says Will Make Decisions Meeting By Meeting
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the Fed will make decisions on a meeting-by-meeting basis. This statement suggests a cautious approach to monetary policy, potentially impacting the broader market.
July 26, 2023 | 6:37 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement of a meeting-by-meeting decision-making approach may lead to uncertainty in the broader market, potentially impacting SPY.
The Federal Reserve's monetary policy decisions have a significant impact on the broader market. A cautious, meeting-by-meeting approach may lead to increased market uncertainty, which could potentially impact the performance of SPY, an ETF that tracks the S&P 500.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75