Fed's Harker Says It Would Be A Skip Not A Pause; Says A Pause Says You May Hold There For A While, And I Don't Know That We're Ready For That
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Philadelphia President Patrick Harker stated that the Fed's next move would be a 'skip' rather than a 'pause', indicating that they may not hold at the current position for an extended period.
May 31, 2023 | 5:40 pm
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NEUTRAL IMPACT
Fed's Harker's statement on a 'skip' rather than a 'pause' may lead to uncertainty in the market, potentially impacting the SPY ETF.
Harker's statement suggests that the Fed may not hold at the current position for an extended period, which could lead to uncertainty in the market. This uncertainty may impact the SPY ETF, as it tracks the performance of the S&P 500 index. However, the overall impact on the ETF may be limited, as the market will also be influenced by other factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50