Fed Chair Powell Says Fed Has Covered A Lot Of Ground, Full Effects Have Yet To Be Felt
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Federal Reserve has covered a lot of ground, but the full effects of its actions have yet to be felt.
September 20, 2023 | 6:32 pm
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NEUTRAL IMPACT
The comments from Fed Chair Powell may impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to monetary policy changes.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in monetary policy. As such, comments from the Federal Reserve Chairman about the effects of the Fed's actions can influence investor sentiment and potentially impact the price of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50