Fed's Chair Powell Says It's Really Depending On The Data And We Don't Have It Yet
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the Fed's decisions are highly dependent on data, which is not yet available. This statement suggests that the Fed is waiting for more economic indicators before making any policy changes.
July 26, 2023 | 6:45 pm
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NEUTRAL IMPACT
The statement by Fed Chair Powell may cause uncertainty in the market, potentially impacting the SPDR S&P 500 ETF (SPY).
The Federal Reserve's decisions can significantly impact the stock market. As SPY tracks the S&P 500, any potential changes in the Fed's policy based on the awaited data could affect the ETF. However, without specific data or policy changes mentioned, the impact remains uncertain.
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