Fed Chair Powell Says It's Also Possible If Path To Soft Landing Has Widened, It May Be Decided By Factors Outside Our Control
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the path to a soft landing may have widened and could be influenced by factors outside the Fed's control.
September 20, 2023 | 6:51 pm
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NEUTRAL IMPACT
The comments by Fed Chair Powell could introduce uncertainty in the market, potentially impacting the SPY ETF.
The SPY ETF tracks the S&P 500 and is therefore sensitive to overall market sentiment. Comments from the Fed Chair about external factors influencing the economy can introduce uncertainty, which could potentially impact the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50