Fed's Jefferson Says Holding U.S. Central Bank's Policy Rate Constant 'At A Coming Meeting' Should Not Be Taken To Mean Rates Have Reached A Peak For This Tightening Cycle
Portfolio Pulse from Happy Mohamed
Federal Reserve's Jefferson stated that holding the U.S. central bank's policy rate constant at a coming meeting should not be interpreted as rates reaching their peak for this tightening cycle.
May 31, 2023 | 5:25 pm
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Fed's Jefferson's statement suggests that interest rates may continue to rise, potentially impacting the stock market and the SPY ETF.
Fed's Jefferson's statement indicates that the current policy rate holding should not be seen as the peak for this tightening cycle. This suggests that interest rates may continue to rise, which could have a negative impact on the stock market and the SPY ETF, as higher interest rates generally lead to lower stock prices.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80