Fed Chair Powell Says The Decision We Make At Last Two Meetings This Year Will Depend On Totality Of Data
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that the decisions made at the last two meetings of the year will be based on the totality of data.
September 20, 2023 | 6:54 pm
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NEUTRAL IMPACT
The Federal Reserve's decisions can significantly impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to changes in monetary policy.
The SPY ETF, which tracks the S&P 500 index, is often influenced by the Federal Reserve's decisions. If the Fed's decisions based on the totality of data are perceived as positive by the market, it could lead to an increase in the SPY ETF's value. Conversely, if the decisions are perceived negatively, it could lead to a decrease in value. However, without specific details on what these decisions might be, it's difficult to predict the exact impact.
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