Powell: We Don't Put Up Any Other Filters In Making Our Decisions; US Economy Is In A Good Place And Our Decision Today Is Designed To Keep It There; Our Intention Is To Maintain The Strength That We Currently See
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the US economy is currently strong, and the Fed's decision aims to maintain this strength. Powell emphasized that no additional filters are used in their decision-making process.
September 18, 2024 | 7:03 pm
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The SPDR S&P 500 ETF (SPY) may experience stability or slight positive movement as Fed Chair Powell confirms the US economy's strength and the Fed's commitment to maintaining it.
Powell's comments suggest a stable economic outlook, which is generally positive for the stock market. SPY, as a broad market ETF, could benefit from this sentiment.
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