Fed Chair Powell Says The Fact We've Come This Far Lets Us Proceed Carefully
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has indicated that the progress made so far in the economic recovery allows for a cautious approach moving forward.
September 20, 2023 | 6:51 pm
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NEUTRAL IMPACT
Fed Chair Powell's cautious stance on the economic recovery could influence investor sentiment and potentially impact the SPY ETF.
The Federal Reserve's policies and outlook significantly influence the overall market sentiment. While Powell's statement does not directly mention SPY, the ETF, which tracks the S&P 500, could be affected by changes in investor sentiment resulting from the Fed's cautious stance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50