Fed's Powell Says Interest Sensitive Spending Is Showing Impact Of Fed Policy; We See Policy Working Through Usual Channels
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has stated that interest-sensitive spending is showing the impact of Fed policy, indicating that the policy is working through usual channels. This could potentially affect the broader market, including ETFs like SPY.
October 19, 2023 | 4:26 pm
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The Federal Reserve's policy is impacting interest-sensitive spending, which could potentially affect the broader market, including ETFs like SPY.
The Federal Reserve's policy impacts the broader economy, which in turn affects the stock market. As SPY is a broad market ETF, any significant changes in the economy or monetary policy can influence its performance. However, the exact impact on SPY's price will depend on various factors, including market sentiment and the specific sectors that are most affected by the changes in interest-sensitive spending.
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IMPORTANCE 70
RELEVANCE 50