Fed's Powell Begins Fireside Chat At Washington Forum On Canadian Economy
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Jerome Powell is currently participating in a fireside chat at a Washington forum, focusing on the Canadian economy. The event may influence market perceptions and expectations regarding monetary policy and its impact on both the U.S. and Canadian economies.
April 16, 2024 | 5:22 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) could see short-term price fluctuations based on Powell's comments, especially if they hint at future monetary policy directions.
While the focus is on the Canadian economy, Powell's remarks could indirectly affect U.S. market sentiment and monetary policy expectations, influencing SPY's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75