Fed's Powell Says We Know Fiscal Path Is Ultimately Unsustainable; Current Fiscal Situation Does Not Affect Fed Near Term Policy Choices; Overseas Treasury Buying Has Remains Robust
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the current fiscal situation is unsustainable in the long run, but it does not affect the Fed's near-term policy choices. He also noted that overseas Treasury buying remains robust.
October 19, 2023 | 4:47 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on the fiscal situation and policy choices may indirectly affect the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic factors.
The SPY ETF, which tracks the S&P 500, is influenced by macroeconomic factors and monetary policy. While the ETF is not directly mentioned, the Federal Reserve's policy decisions and views on the fiscal situation can indirectly affect the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50