Fed's Logan Says She Is Keeping An 'Open Mind' Ahead Of U.S. Central Bank's June Policy Meeting; Says Data Does Not Yet Show Skipping Interest Rate Hike At June Meeting Is Appropriate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Lorie Logan stated that she is keeping an open mind ahead of the U.S. central bank's June policy meeting, adding that the data does not yet indicate skipping an interest rate hike at the meeting is appropriate.
May 18, 2023 | 12:59 pm
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NEUTRAL IMPACT
Fed's Lorie Logan's comments on the possibility of an interest rate hike at the June policy meeting may impact the SPY ETF in the short term.
Lorie Logan's comments on the potential interest rate hike at the June policy meeting may create uncertainty in the market, which could impact the SPY ETF. However, the impact is uncertain as she mentioned keeping an open mind and the data not yet showing a clear direction.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50