Fed's Powell Says We Have Not Made A Decision About December Meeting; Idea That It Would Be Difficult To Raise Again After Pausing Is Not Right; Fed Staff Did Not Put Recession Back Into Their Forecast At This Meeting
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that no decision has been made about the December meeting. He also refuted the idea that it would be difficult to raise rates again after a pause. Powell confirmed that the Fed staff did not include a recession in their forecast at this meeting.
November 01, 2023 | 6:43 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The comments from Federal Reserve Chairman Jerome Powell could impact the SPY ETF. The uncertainty about the December meeting and the potential for future rate hikes could cause volatility.
The SPY ETF tracks the S&P 500 and is sensitive to changes in monetary policy. Powell's comments about the uncertainty of the December meeting and the potential for future rate hikes could cause volatility in the ETF. However, the absence of a recession in the Fed's forecast could provide some stability.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75