Fed's Harker Says My Preference, Barring Any Chance In Data Outside Our Forecast, Is For Skipping A Rate Hike
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of Philadelphia President Patrick Harker stated that his preference, barring any change in data outside their forecast, is for skipping a rate hike.
June 01, 2023 | 5:23 pm
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NEUTRAL IMPACT
Fed's Harker's preference for skipping a rate hike may impact the SPY ETF in the short term.
Fed's Harker's statement on skipping a rate hike may have a neutral impact on the SPY ETF in the short term. While lower interest rates can be positive for stocks, the statement is not a guarantee of policy action and may not significantly affect the market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50