Fed's Williams Does Not Comment On Economy, Monetary Policy; Fed's Williams Says Fed Launching Reference Rate Use Committee; New Committee Will Help Markets Use, Understand Reference Rates
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's John Williams announced the launch of a new Reference Rate Use Committee to aid markets in understanding and utilizing reference rates. No comments were made on the economy or monetary policy.
September 26, 2024 | 1:26 pm
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NEUTRAL IMPACT
The announcement of a new Reference Rate Use Committee by the Fed may have a neutral impact on SPY as it does not directly address economic or monetary policy changes.
The announcement is regulatory in nature and does not directly affect economic indicators or monetary policy, which are more likely to impact SPY. Therefore, the short-term impact is expected to be neutral.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50