Fed Chair Powell Says As We Get Closer To The Stance Of Policy That's Appropriate, Risks Become More Two Sided.
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that as policy approaches an appropriate stance, risks become more two-sided. This suggests a balanced view of potential economic outcomes.
September 20, 2023 | 7:08 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement may impact the SPY ETF, as it tracks the S&P 500 and is sensitive to changes in economic outlook.
The SPY ETF, which tracks the S&P 500, is likely to be impacted by changes in the economic outlook. As the Fed Chair's statement suggests a balanced view of risks, this could lead to market uncertainty, potentially affecting the ETF's performance.
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