Fed's Powell Says Doesn't Know Where Monetary Policy Will Settle; Effective Lower Bound Is Not An Issue For Economy, Monetary Policy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that he is uncertain about where monetary policy will settle. He also mentioned that the effective lower bound is not an issue for the economy or monetary policy.
October 19, 2023 | 4:32 pm
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NEUTRAL IMPACT
The uncertainty in monetary policy as stated by Fed's Powell may lead to volatility in the market, potentially affecting the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be affected by volatility in the market due to uncertainty in monetary policy. However, the impact is not direct and depends on how the market reacts to Powell's statement.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50