Fed's Powell Says Bond Yield Rise Doesn't Seem To Be About Expectations Of Fed Doing More On Rates; Isn't Clear If Bond Yield Rise Will Be Persistent, Markets Volatile; Will Let Market Yield Rise Play Out, Fed Will Watch It
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the recent rise in bond yields does not appear to be due to expectations of the Fed increasing rates. He also mentioned that it is unclear if the bond yield rise will persist, as markets are volatile. The Fed will observe the situation and let the market yield rise play out.
October 19, 2023 | 4:44 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the Fed's stance on bond yields. As the Fed is not planning to intervene, this could lead to increased market volatility, potentially affecting the ETF's performance.
The Federal Reserve's decisions often have a significant impact on the stock market. In this case, the Fed's decision to let the bond yield rise play out could lead to increased market volatility. As the SPY ETF tracks the S&P 500, it is likely to be affected by these market fluctuations. However, it is unclear whether this will have a positive or negative impact, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75