Powell Says Supply Question Is For The Market And For Government To Solve; Says Our Move Today Is Timely
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that addressing supply issues is a task for both the market and the government. He emphasized that the Fed's recent actions are timely in response to current economic conditions.
September 18, 2024 | 7:09 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility as Powell's comments on supply issues and the timeliness of Fed actions could influence market sentiment.
Powell's comments suggest potential market reactions to supply chain issues and Fed policy. SPY, as a broad market ETF, could be affected by changes in investor sentiment, but no specific direction is indicated.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50