St. Louis Fed President Bullard Says Will Have To Move Rates Higher To Tame Inflation; Expecting Two More Rate Hikes This Year; I'm Thinking Two More Rate Hikes This Year; Labor Market Slowing Some, Doesn't Mean Recession
Portfolio Pulse from Benzinga Newsdesk
St. Louis Fed President Bullard expects two more rate hikes this year to tame inflation, stating that the labor market is slowing but not indicating a recession.
May 22, 2023 | 5:12 pm
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NEGATIVE IMPACT
Two more rate hikes expected this year by St. Louis Fed President Bullard may impact the overall market, as represented by the SPY ETF.
Rate hikes generally lead to higher borrowing costs, which can negatively impact businesses and the overall market. As SPY is an ETF that tracks the S&P 500, it is likely to be affected by these rate hikes. The relevance is 50 as SPY is mentioned passively, and the importance is 75 as rate hikes can have a significant impact on the market. The confidence is 80 as the information comes from a reliable source, St. Louis Fed President Bullard.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50