Fed's Powell Says By Any Reckoning Neutral Rates Ebbed Over Recent Decades, Unsure Where It Is Now; Neutral Rate May Have Risen In Near Term, Unclear About Longer Term
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that neutral rates have declined over recent decades, and it is uncertain where they currently stand. He also suggested that the neutral rate may have increased in the near term, but its longer-term trajectory remains unclear.
October 19, 2023 | 4:33 pm
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NEUTRAL IMPACT
Powell's comments on the uncertainty of neutral rates may cause volatility in the market, potentially impacting the SPY ETF.
The uncertainty surrounding the neutral rate as stated by Jerome Powell may lead to market volatility. As SPY is a broad market ETF, it is likely to be impacted by these market fluctuations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50