Fed Chair Powell Says It Is Time To Calibrate Our Policy To Something That Is More Appropriate Given Progress On Inflation And On Employment; The Direction Of Our Process Is Toward A Sense Of Neutral; We'll Move As Fast Or As Slow As We Think Appropriate; Asked About Closeness Of Decision, Says There Was A Good Discussion
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell indicated that the Fed is considering adjusting its policy to a more neutral stance due to progress on inflation and employment. The pace of this adjustment will depend on ongoing assessments.
September 18, 2024 | 6:44 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility as investors react to Fed Chair Powell's comments on adjusting monetary policy towards a neutral stance, influenced by inflation and employment progress.
SPY, as a broad market ETF, is sensitive to changes in Federal Reserve policy. Powell's comments suggest a potential shift in monetary policy, which could lead to market volatility as investors adjust their expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50