Fed's Jefferson Says Mindful Of Lagged Effects Of Past Rates As I Consider 'Whether' We Will Need Further Policy Tightening; Rise In Long-Term Yields 'In The Past' May Have Meant Investors See Stronger Momentum And Need For Higher For Longer Fed Rate Path
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Jefferson has indicated that he is considering the lagged effects of past rates when deciding if further policy tightening is necessary. He also noted that a rise in long-term yields in the past may have indicated investors' perception of stronger momentum and a need for a higher, longer Fed rate path.
October 09, 2023 | 5:36 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Jefferson may impact the SPY ETF. His consideration of past rates and potential policy tightening could influence investor sentiment and market volatility.
The Federal Reserve's monetary policy decisions have a significant impact on the stock market. Jefferson's comments about considering past rates and potential policy tightening could lead to increased market volatility and changes in investor sentiment, which could impact the SPY ETF. However, the exact direction of the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50