Fed Chair Powell Says We Want To See Convincing Evidence We Have Reached Appropriate Level
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed wants to see convincing evidence that it has reached an appropriate level before making any changes to its current policy.
September 20, 2023 | 6:41 pm
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NEUTRAL IMPACT
The statement by Fed Chair Powell may impact the SPY ETF, as it tracks a broad market index that is sensitive to changes in monetary policy.
The SPY ETF tracks the S&P 500, a broad market index. Any changes in the Federal Reserve's monetary policy can have a significant impact on the overall market, and therefore on the SPY ETF. However, as Powell has not indicated any specific changes, the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75