Fed Chair Powell Says Median Of Neutral Rate Estimate Hasn't Risen, But People Are Moving Their Estimates; It Is Plausible That The Neutral Rate Is Higher Than The Longer Run Rate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the median of neutral rate estimates has not increased, but individuals are adjusting their estimates. He also suggested that it's plausible the neutral rate could be higher than the longer run rate.

September 20, 2023 | 6:48 pm
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NEUTRAL IMPACT
The comments by Fed Chair Powell could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in interest rates.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in interest rates. While Powell's comments do not directly indicate a change in rates, they could influence investor sentiment and expectations, potentially leading to volatility in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50