Fed Chair Powell Says People Want To Be Careful Not To Jump To A Conclusion One Way Or The Other; That's Why, Given How Far We Have Come, We Are In A Position To Proceed Carefully, Go Meeting By Meeting
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that the Fed will proceed cautiously and make decisions on a meeting-by-meeting basis, given the current economic situation.
September 20, 2023 | 6:44 pm
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NEUTRAL IMPACT
The cautious approach by the Federal Reserve could impact the SPY ETF, as it tracks the performance of the S&P 500, which is sensitive to Fed's decisions.
The SPY ETF tracks the S&P 500, which is sensitive to the Federal Reserve's decisions. The cautious approach by the Fed could lead to uncertainty in the market, potentially affecting the performance of the SPY ETF. However, the exact impact will depend on the specific decisions made by the Fed in their upcoming meetings.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75