Fed Chair Powell Says Would Not Want To Say Summary Of Economic Projections Is A 'Plan'
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that he would not want to label the Summary of Economic Projections as a 'plan'.
September 20, 2023 | 6:42 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement may lead to uncertainty in the market, potentially impacting the SPY ETF.
The Federal Reserve's economic projections often influence market sentiment. Powell's reluctance to label these projections as a 'plan' could lead to uncertainty among investors, potentially impacting the performance of the SPY ETF, which tracks the S&P 500 and is a broad indicator of the US stock market.
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IMPORTANCE 60
RELEVANCE 50