"Fed's Bullard Suggests Higher Rates As 'Insurance' Against Inflation" - Financial Times
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of St. Louis President James Bullard suggests that higher interest rates could be used as 'insurance' against inflation, according to the Financial Times. This statement may impact the stock market and ETFs like SPY.
May 18, 2023 | 4:11 pm
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Fed's Bullard suggests higher interest rates as 'insurance' against inflation, which may impact the stock market and ETFs like SPY.
Higher interest rates can lead to increased borrowing costs for companies, which may negatively impact their profitability and stock prices. This can result in a decline in the overall stock market, affecting ETFs like SPY that track the market.
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IMPORTANCE 75
RELEVANCE 50