Fed's Waller Says Balance Sheet Reduction Was Priced In A Long Time Ago, All Fed Is Doing Now Is Fulfilling That Expectation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller stated that the reduction in the balance sheet was priced in a long time ago and all the Fed is doing now is fulfilling that expectation.
October 18, 2023 | 4:53 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The statement by Fed's Waller about the balance sheet reduction being priced in long ago may not have a significant impact on SPY as it was an expected move.
The statement by Fed's Waller indicates that the market had already factored in the balance sheet reduction. Therefore, this news may not have a significant impact on SPY as it does not introduce new information that could affect the market's perception of SPY.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50