Fed's Powell Says Bond Yields Analysis Needs Humility; Bond Yields Not Showing Higher Expected Inflation, Monetary Policy View; Bond Yields Rise Driven By Term Premiums; Markets Are Seeing Economic Resilience And Revising Views
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the analysis of bond yields requires humility. He noted that the rise in bond yields is driven by term premiums and not by higher expected inflation or monetary policy view. Powell also mentioned that markets are seeing economic resilience and revising views.
October 19, 2023 | 4:41 pm
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NEUTRAL IMPACT
The comments by Federal Reserve Chairman Jerome Powell on bond yields and economic resilience could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy and economic outlook.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy and economic outlook. Powell's comments on bond yields not being driven by higher expected inflation or monetary policy view, but by term premiums, could influence investor sentiment and potentially impact the ETF's performance. However, the exact direction of the impact is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50