Fed Chair Powell Says Proposal At The Meeting Was To Maintain The Current Policy Stance, Unanimous Support For That
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell announced that the proposal at the recent meeting was to maintain the current policy stance, which received unanimous support.
September 20, 2023 | 6:43 pm
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NEUTRAL IMPACT
The Federal Reserve's decision to maintain the current policy stance could influence the performance of the SPY ETF.
The Federal Reserve's monetary policy decisions can have a significant impact on the stock market. As SPY is a broad market ETF, it is likely to be influenced by these decisions. However, as the decision was to maintain the current stance, the impact may be neutral in the short term.
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