Fed Chair Powell Says Confidence Comes From Seeing Enough Data, So That For Now We Can Decided It's The Right Level; For Now The Question Is To Try To Find The Level Where We Can Stay
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that confidence in economic decisions comes from having sufficient data. The current focus is on finding a stable level for economic indicators.
September 20, 2023 | 6:54 pm
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NEUTRAL IMPACT
Fed Chair Powell's comments on the importance of data for economic decisions may impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic indicators.
The SPY ETF, which tracks the S&P 500, is often influenced by macroeconomic indicators and the overall economic outlook. As such, comments from Fed Chair Powell about the importance of data in economic decisions could impact the ETF. However, without specific details on what these decisions might be, the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50