Fed's Cook Says Fed Remains Data Dependent
Portfolio Pulse from Benzinga Newsdesk
Fed's Cook emphasized that the Federal Reserve remains data-dependent in its decision-making process, indicating that future monetary policy will be guided by economic data.
June 25, 2024 | 4:34 pm
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NEUTRAL IMPACT
The Federal Reserve's data-dependent stance suggests that future monetary policy decisions will be closely tied to economic indicators, which could lead to market volatility.
The SPY ETF, which tracks the S&P 500, is likely to experience volatility as investors react to economic data that will influence the Federal Reserve's monetary policy decisions.
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