Fed Chair Powell Says We Will Continue To Move Carefully, Decide Meeting By Meeting; Says Attentive To Risk That Stronger Growth Could Undermine Inflation Progress, Which Could Warrant A Monetary Policy Response
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair, Powell, has stated that the Fed will continue to move carefully and make decisions on a meeting-by-meeting basis. He also noted the risk that stronger growth could undermine inflation progress, which may necessitate a monetary policy response.
November 09, 2023 | 7:05 pm
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NEUTRAL IMPACT
The Federal Reserve's cautious approach and potential monetary policy response to stronger growth could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. The Federal Reserve's cautious approach and potential monetary policy response to stronger growth could create uncertainty in the market, potentially impacting the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50