Fed Chair Powell Says Squarely Focused On Dual Mandate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the central bank is squarely focused on its dual mandate of price stability and maximum employment. This statement comes amidst ongoing market speculation about potential changes in monetary policy.
September 20, 2023 | 6:31 pm
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The statement by Fed Chair Jerome Powell may impact the SPY ETF, as changes in monetary policy can influence overall market trends.
The Federal Reserve's monetary policy decisions can significantly impact overall market trends. While the statement does not indicate a specific direction, it reaffirms the Fed's commitment to its dual mandate, which can influence investor sentiment and market trends, potentially impacting the SPY ETF.
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