Fed's Powell Says Now We've Reached A Point Where Risks Are Getting More Balanced Between Doing Too Much Or Too Little; Risks Are Getting Closer To Being In Balance
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the risks are becoming more balanced between doing too much or too little, indicating a shift towards a more balanced monetary policy. This could impact the overall market, including ETFs like SPY.
November 01, 2023 | 7:17 pm
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NEUTRAL IMPACT
Powell's statement about a more balanced monetary policy could impact the overall market, including ETFs like SPY. This could lead to increased market stability.
Powell's statement indicates a shift in the Federal Reserve's monetary policy, which could lead to increased market stability. As SPY is a broad market ETF, it could be impacted by this shift. However, the exact impact will depend on further details of this policy shift and market reaction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75