Fed's Waller Says Decision Whether To Hike Rates Or Skip Hike At June Meeting Will Depend On Data Over Next Three Weeks; Fed Needs To Maintain Flexibility On Best Policy Decision For June Meeting
Portfolio Pulse from Happy Mohamed
Federal Reserve Governor Christopher Waller stated that the decision to hike interest rates or skip the hike at the June meeting will depend on data over the next three weeks. He emphasized the need for the Fed to maintain flexibility on the best policy decision for the June meeting.
May 24, 2023 | 4:10 pm
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NEUTRAL IMPACT
The decision on whether to hike interest rates or skip the hike at the June meeting will depend on data over the next three weeks, potentially impacting the SPY ETF.
The Federal Reserve's decision on interest rates can have a significant impact on the stock market, including the SPY ETF. However, the outcome is uncertain and depends on data over the next three weeks. As a result, the short-term impact on SPY is neutral, with a relevance of 50, importance of 75, and confidence of 80.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50