Fed's Bowman Says Monetary Policy Not On Preset Course, Incoming Data Will Continue To Be Closely Monitored; Unclear Whether Further Supply-side Improvements Will Continue To Lower Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Bowman stated that monetary policy is not on a preset course and that incoming data will be closely monitored. It is uncertain if further supply-side improvements will continue to lower inflation.
November 28, 2023 | 3:48 pm
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NEUTRAL IMPACT
Fed's Bowman's comments suggest continued uncertainty in monetary policy, which may lead to market volatility affecting ETFs like SPY.
Bowman's speech indicates that the Federal Reserve's decisions will be data-dependent, which does not provide a clear direction for the markets. This uncertainty can lead to increased volatility, affecting broad market ETFs like SPY. However, without specific policy changes, the immediate impact may be neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70