Fed Makes Minimal Changes To September FOMCStatement; FOMC Says Voted 12-0 For Fed Funds Rate Action
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve has made minimal changes to its September FOMC statement. The FOMC voted unanimously (12-0) for the action on the Federal Funds Rate.
September 20, 2023 | 6:02 pm
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NEUTRAL IMPACT
The Federal Reserve's minimal changes to the FOMC statement and unanimous vote on the Federal Funds Rate may impact the SPY ETF.
The Federal Reserve's decisions often have a broad impact on the market, which is reflected in ETFs like SPY. However, as the changes to the FOMC statement were minimal and the vote on the Federal Funds Rate was unanimous, the impact may be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50