Fed's Chair Powell Says Will Be Looking At The Whole Broader Picture, Looking For Moderate Growth
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the Fed will be considering the broader economic picture and is aiming for moderate growth.
July 26, 2023 | 6:40 pm
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NEUTRAL IMPACT
The statement by Fed Chair Jerome Powell may impact the SPY ETF, as it tracks the performance of the S&P 500, which is sensitive to monetary policy changes.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. The statement by Fed Chair Jerome Powell about looking at the broader economic picture and aiming for moderate growth could influence investor sentiment and thus impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75