Fed June Rate Hike Now Seen As A 1-In-3 Chance, Based On Fed Funds Futures; Down From 67% Chance Seen Before Fed's Jefferson's Remarks
Portfolio Pulse from Benzinga Newsdesk
The probability of a Fed rate hike in June has decreased to a 1-in-3 chance, down from a 67% chance, following remarks from Fed's Jefferson, according to Fed Funds Futures data.
May 31, 2023 | 5:37 pm
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NEUTRAL IMPACT
The decreased probability of a June rate hike may impact the SPY ETF, as it tracks the performance of the S&P 500 Index.
The change in the probability of a rate hike can influence the overall market sentiment and affect the performance of the S&P 500 Index, which the SPY ETF tracks. However, the impact may be neutral as other factors also influence the market.
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