Fed's Powell Says We Are Recalibrating Our Policy Over Time To Be More Neutral; Says We Made A Good Strong Start On That; Says Sense Of Change In The Stance Is We Are Recalibrating Policy Over Time To One That Is More Neutral
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell announced that the Fed is recalibrating its policy to be more neutral over time. He emphasized that a strong start has been made in this direction, indicating a shift in the Fed's stance towards a more balanced approach.
September 18, 2024 | 7:20 pm
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NEUTRAL IMPACT
The Federal Reserve's move towards a more neutral policy stance could impact the SPY ETF, which tracks the S&P 500. A neutral stance may stabilize interest rates, potentially affecting stock market volatility.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in Federal Reserve policy. A move towards a neutral stance suggests a stabilization of interest rates, which could reduce market volatility. However, the immediate impact on SPY is uncertain, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70