Fed's Chair Powell Says We're Going To Need To Hold Policy At Restrictive Levels For Some Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has announced that the Fed will need to maintain its policy at restrictive levels for some time. This could potentially impact the overall market and ETFs like SPY.
July 26, 2023 | 6:48 pm
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NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by the Fed's decision to maintain restrictive policy levels for an extended period.
The Federal Reserve's decision to maintain restrictive policy levels could lead to slower economic growth, which may negatively impact the overall market and ETFs like SPY that track the market. This could lead to a decrease in the value of SPY in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80