Williams' statements are non-committal and maintain the Fed's data-dependent stance, which does not provide a clear direction for interest rates. This uncertainty is likely to result in a neutral short-term impact on SPY, as investors were already anticipating a data-dependent approach from the Fed. The relevance is high because SPY is a broad market ETF and interest rate changes have a significant impact on the entire market. The importance is moderate because the statements confirm existing expectations rather than provide new information. Confidence in this analysis is relatively high due to the direct relationship between Fed policy and market performance.