Fed's Chair Powell Says We Are Not Taking Moving At Consecutive Meetings Off The Table
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the possibility of the Fed making moves at consecutive meetings is not off the table, according to Reuters.
July 26, 2023 | 6:53 pm
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NEUTRAL IMPACT
The statement by Fed Chair Jerome Powell may impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to Federal Reserve policy changes.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in Federal Reserve policy. Therefore, any indication of potential policy changes, such as the possibility of moves at consecutive meetings, could impact the ETF. However, the exact direction of the impact is uncertain as it depends on the nature of the moves.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75