Fed Chair Powell To Appear Before Senate Panel Hearing March 7
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell is scheduled to appear before a Senate panel for a hearing on March 7. This event is highly anticipated as Powell's comments could influence market expectations regarding future monetary policy decisions.
February 23, 2024 | 4:28 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience volatility around the time of Jerome Powell's Senate panel appearance as investors react to any hints regarding future monetary policy.
Given that SPY tracks the performance of the S&P 500, any significant news regarding monetary policy can lead to market volatility. Jerome Powell's comments are closely monitored by investors for clues on interest rate movements and economic outlook, which directly impact stock market performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75