Fed's Powell Says We Remain Squarely Focused On Dual Mandate; Stance Of Policy Is Restrictive; Full Effects Of Tightening Yet To Be Felt; Given How Far We Have Come And Amid Uncertainty We Are Moving Carefully
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the Fed remains focused on its dual mandate and that the stance of policy is restrictive. He also noted that the full effects of tightening have not yet been felt and given the current uncertainty, the Fed is moving carefully.
November 01, 2023 | 6:32 pm
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NEUTRAL IMPACT
The Federal Reserve's cautious stance on policy tightening could impact the broader market, potentially affecting the SPY ETF.
The Federal Reserve's policy decisions have a significant impact on the broader market. Given the current uncertainty and the Fed's cautious approach, this could lead to increased volatility in the market, potentially affecting the performance of the SPY ETF, which tracks the S&P 500.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75