Fed Chair Powell Says We Don't Think About Political Events When Deciding Rates; We Will Do What We Think Is Right For The Economy; Policymakers Are Thinking We Have Done Enough; We Think We Have Done Enough On Rates
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that the Federal Reserve does not consider political events when deciding on interest rates, and they will act in the best interest of the economy. He also mentioned that policymakers believe they have done enough in terms of rate adjustments.
December 13, 2023 | 7:50 pm
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POSITIVE IMPACT
Fed Chair Powell's comments may reassure investors that the Federal Reserve is committed to stabilizing the economy, potentially reducing volatility in the SPY ETF.
Powell's reassurance that the Fed has done enough on rates suggests a period of stability in monetary policy, which could lead to increased investor confidence and potentially a positive impact on the SPY ETF in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80