Fed's Collins Says U.S. Central Bank May Be At Or Near Time To Pause Interest Rate Hikes; Says Inflation Too High But Sees 'Promising' Signs Of Moderation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Collins suggests that the U.S. central bank may be at or near the time to pause interest rate hikes, citing high inflation but seeing 'promising' signs of moderation.
May 25, 2023 | 2:31 pm
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POSITIVE IMPACT
A pause in interest rate hikes by the Federal Reserve may lead to short-term stability in the stock market, potentially benefiting the SPY ETF.
A pause in interest rate hikes can lead to short-term stability in the stock market as investors may perceive it as a sign of economic stability. This can potentially benefit the SPY ETF, which tracks the performance of the S&P 500, as it is a broad representation of the U.S. stock market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50