FOMC Minutes Say Officials Saw Monetary Policy Working To Restrain The Economy 'As Intended'; Officials Said They Needed More Data Indicating Abating Inflation Pressures; Officials Saw Risks As More Two-Sided
Portfolio Pulse from Benzinga Newsdesk
The Federal Open Market Committee (FOMC) minutes indicate that officials believe monetary policy is working to restrain the economy as intended. They expressed the need for more data indicating abating inflation pressures and viewed risks as more two-sided.
October 11, 2023 | 6:02 pm
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NEUTRAL IMPACT
The FOMC's view on monetary policy and inflation pressures could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. The FOMC's view that monetary policy is working as intended and their need for more data on inflation pressures could lead to uncertainty in the market, potentially impacting the ETF's performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75