Fed's Chair Powell Says Policy Is Working About As We Expected
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the current monetary policy is working as expected, according to Bloomberg. This statement could influence the overall market sentiment.
July 26, 2023 | 6:59 pm
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NEUTRAL IMPACT
The statement from Fed Chair Powell could influence the overall market sentiment, potentially affecting the SPY ETF, which tracks the S&P 500.
The Federal Reserve's monetary policy has a significant impact on the overall market. As SPY tracks the S&P 500, any changes in market sentiment due to the Fed's policy could potentially affect the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75