S&P Says U.S. Fed Is Likely To Hold Steady On Monetary Policy At Its Rate-Setting Meeting This Week, Even As Inflation Remains Well Above Target
Portfolio Pulse from Benzinga Newsdesk
S&P predicts that the U.S. Federal Reserve will maintain its current monetary policy in the upcoming rate-setting meeting, despite inflation being significantly above target.
October 30, 2023 | 12:38 pm
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NEUTRAL IMPACT
The S&P 500 ETF (SPY) could be influenced by the Federal Reserve's decision on monetary policy. A steady policy despite high inflation could impact market sentiment.
The Federal Reserve's monetary policy decisions can significantly impact the stock market. If the Fed maintains its current policy despite high inflation, it could lead to uncertainty in the market, potentially affecting the performance of the S&P 500 ETF (SPY).
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IMPORTANCE 80
RELEVANCE 75