Fed Chair Powell Says Most People Think We Won't Go Back To Very Low Rates; Neutral Rate Is Moved Around By Slow-Moving Forces; We're Getting What We Would Want With Current Policy
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated that most people believe we won't return to very low interest rates and that the neutral rate is influenced by slow-moving forces. He also mentioned that the current policy is achieving the desired outcomes.
July 02, 2024 | 2:30 pm
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Fed Chair Powell's comments suggest that interest rates will remain higher for longer, which could impact the stock market. SPY, as an ETF that tracks the S&P 500, may experience volatility as investors adjust their expectations.
Powell's indication that rates will not return to very low levels and that the current policy is effective could lead to mixed reactions in the stock market. SPY, representing the S&P 500, may see volatility as investors digest this information.
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IMPORTANCE 70
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