Fed's Powell Says We Are Not Thinking Or Talking About Rate Cuts; We Are Focused On If We Are Sufficiently Restrictive; The Next Question Will Be How Long To Keep Policy Restrictive; Rates Cuts Just Haven't Come Up
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the Fed is not considering or discussing rate cuts. Instead, the focus is on whether the current policy is sufficiently restrictive and how long to maintain this restrictive policy. Rate cuts have not been a topic of discussion.
November 01, 2023 | 6:49 pm
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The Federal Reserve's decision to not consider rate cuts and focus on restrictive policy could impact the SPY ETF. The ETF, which tracks the S&P 500, could be affected by changes in monetary policy.
The SPY ETF tracks the S&P 500, which is sensitive to changes in monetary policy. A more restrictive policy could slow economic growth, potentially leading to lower corporate earnings and a decrease in stock prices. This could negatively impact the value of the SPY ETF.
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