Fed's Harker Says Close To Point Where We Can Hold Rates In Place
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of Philadelphia President Patrick Harker stated that the Fed is close to a point where it can hold interest rates in place, according to Reuters.
June 01, 2023 | 5:06 pm
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NEUTRAL IMPACT
Fed's Harker's statement on holding interest rates in place may impact the SPY ETF in the short term.
Fed's Harker's statement suggests that the Federal Reserve is close to stabilizing interest rates, which may have a neutral impact on the SPY ETF in the short term. The statement indicates a potential shift in monetary policy, but it is not clear how this will directly affect the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50