Fed Chair Powell Says Too Soon To Know If Policy Challenges Of 'effective Lower Bound' Will Be A Thing Of The Past; Says Fed Will Begin Next Framework Review In Latter Half Of 2024
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair, Jerome Powell, has stated that it is too early to determine if the policy challenges of the 'effective lower bound' will be a thing of the past. He also announced that the Fed will begin its next framework review in the latter half of 2024.
November 09, 2023 | 7:07 pm
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NEUTRAL IMPACT
The announcement by Fed Chair Powell may lead to uncertainty in the market, potentially impacting the SPY ETF, which tracks the S&P 500.
The Federal Reserve's monetary policy decisions can significantly impact the overall market. As SPY tracks the S&P 500, any uncertainty or changes in the market can affect its performance. However, the exact impact is uncertain as it depends on how the market interprets and reacts to Powell's comments.
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