Fed Chair Powell Says Will Keep Rates Restrictive Until Confident Inflation Moving Down To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has announced that the Fed will maintain restrictive interest rates until there is confidence that inflation is moving down to 2%.
September 20, 2023 | 6:38 pm
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NEGATIVE IMPACT
The announcement by the Fed Chair may impact the SPY ETF, as changes in interest rates can influence the overall market.
The Federal Reserve's decision to maintain restrictive interest rates until inflation moves down to 2% could lead to a slowdown in economic activity. This could negatively impact the overall market, and therefore the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80