Fed's Waller Says Hard To See A Direct Link From Mideast Violence To Fed Policy Unless There Is A Broader Conflict
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller stated that it's difficult to see a direct link between Middle East violence and Fed policy unless there's a broader conflict. This statement suggests that the current geopolitical situation is not expected to significantly influence the Fed's monetary policy.
October 11, 2023 | 2:45 pm
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NEUTRAL IMPACT
The statement by Fed's Waller suggests that the current Middle East violence is not expected to significantly influence the Fed's monetary policy, which could maintain stability in the market, potentially benefiting SPY.
The SPY ETF tracks the S&P 500, which is sensitive to changes in the Fed's monetary policy. However, as per Waller's statement, the current Middle East violence is not expected to significantly influence the Fed's policy, suggesting a neutral impact on SPY in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50