Fed Chair Powell Says Current Stance Of Policy Is Restrictive; We Are Committed To Achieving And Sustaining Sufficiently Restrictive Policy To Bring Inflation Down To 2% Over Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the current stance of policy is restrictive and the Fed is committed to achieving and sustaining a sufficiently restrictive policy to bring inflation down to 2% over time.
September 20, 2023 | 6:36 pm
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NEGATIVE IMPACT
The Federal Reserve's commitment to a restrictive policy to control inflation could impact the overall market, potentially affecting the SPY ETF.
The Federal Reserve's policy decisions have a broad impact on the economy and the stock market. A restrictive policy, aimed at controlling inflation, could slow economic growth and potentially lead to lower stock prices. As SPY is a broad market ETF, it could be negatively impacted by these policy decisions.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75