Fed Chais Powell Says There Is So Much Uncertainty; Part Of The Decision To Cut May Be That Real Rates Are Rising Because Inflation Is Coming Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Powell has indicated that there is a lot of uncertainty in the market, which may have influenced the decision to cut rates. This could be due to real rates rising as inflation decreases.
September 20, 2023 | 6:59 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's decision to cut rates due to market uncertainty and changing inflation rates.
The SPY ETF tracks the S&P 500, a broad market index. Changes in interest rates can impact the overall market, and thus the ETF. However, the exact impact is uncertain due to the complex interplay of factors such as market uncertainty and changing inflation rates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75