Fed's Chair Powell Says The Intermeeting Data Came In Broadly In Line With Expectations
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the intermeeting data came in broadly in line with expectations, according to Reuters.
July 26, 2023 | 6:39 pm
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NEUTRAL IMPACT
The statement by Fed Chair Powell may have a neutral impact on SPY as the data came in as expected.
The Federal Reserve's decisions and statements often have a significant impact on the overall market, which is represented by SPY. However, in this case, as the data came in as expected, it is unlikely to cause any significant changes in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50