Fed's Powell Says Models Useful But Have To Look At What Economy Is Telling Us; It Does Not Feel Like Policy Is Too Tight; Evidence Is Not That Policy Is Too Tight
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that while economic models are useful, it's important to also consider what the economy is indicating. He expressed that it doesn't feel like the policy is too tight and there's no evidence to suggest that it is.
October 19, 2023 | 4:35 pm
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NEUTRAL IMPACT
The comments from Federal Reserve Chairman Jerome Powell may influence the performance of SPY, an ETF that tracks the S&P 500. His statement that the policy is not too tight could be interpreted as a sign of stability in the economy.
Jerome Powell's comments on economic policy can have a significant impact on the stock market, including ETFs like SPY that track major indices. His statement that the policy is not too tight could be interpreted as a sign of stability in the economy, which could influence investor sentiment and the performance of SPY. However, the impact is not guaranteed and will depend on how investors interpret and react to his comments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75