Fed's Powell Says We Are Moving Carefully With Policy Decisions; Long Run Potential Growth Doesn't Change Much, Is Around 2%; It's Very Hard To Know How Economy Can Grow With Higher Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the Fed is proceeding cautiously with policy decisions. He also mentioned that the long-term potential growth rate is stable at around 2%. Powell noted that it's challenging to predict how the economy might grow with higher interest rates.
October 19, 2023 | 4:31 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Powell's comments about cautious policy decisions and the difficulty of predicting economic growth with higher rates may impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in the economic outlook.
The SPY ETF is directly influenced by the overall economic outlook. Powell's comments about cautious policy decisions and the difficulty of predicting economic growth with higher rates can create uncertainty in the market, potentially affecting the performance of the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75