Fed's Daly Says Tighter Credit Conditions May Be Akin To One To Two Rate Hikes
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated that tighter credit conditions could be equivalent to one or two rate hikes, potentially impacting the market.

May 22, 2023 | 3:19 pm
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Tighter credit conditions, akin to one or two rate hikes, may impact the overall market, affecting the SPY ETF.
Tighter credit conditions, as mentioned by Fed's Daly, could lead to higher borrowing costs for businesses and consumers, slowing down economic growth. This may result in a negative impact on the overall market, which is represented by the SPY ETF. The score is -1 as the news is likely to cause a downward pressure on the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50