Fed Chair Powell Says Fed Will Absolutely Take Into Account Important Data That Arrives During The Blackout Period; Have To Take Account Of Policy Lags In Rate Decisions; Fed Is Changing Policy To Maintain Strength In The Economy, Not Because Of Weakness
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the Fed will consider important data arriving during the blackout period and will account for policy lags in rate decisions. The Fed is adjusting policy to maintain economic strength, not due to weakness.
September 30, 2024 | 6:27 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility as Fed Chair Powell indicates that the Fed will consider new data during the blackout period and adjust policies to maintain economic strength.
The SPY ETF, which tracks the S&P 500, could be impacted by Fed policy changes. Powell's comments suggest potential adjustments based on new data, which may lead to market fluctuations. However, the overall message of maintaining economic strength could stabilize investor sentiment.
CONFIDENCE 80
IMPORTANCE 70
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