Moody's Says If FOMC Leaves Federal Funds Rate Unchanged, See Decision To Be With Hawkish Forward Guidance Of Strong Possibility Of More Rate Hikes In U.S.
Portfolio Pulse from Benzinga Newsdesk
Moody's predicts that if the FOMC leaves the federal funds rate unchanged, there will be hawkish forward guidance with a strong possibility of more rate hikes in the U.S.
June 12, 2023 | 3:04 pm
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If FOMC leaves the federal funds rate unchanged, hawkish forward guidance may lead to more rate hikes, potentially impacting the SPY ETF.
Hawkish forward guidance from the FOMC may signal more rate hikes in the future, which could lead to higher borrowing costs for companies and individuals. This may negatively impact the overall market and the SPY ETF, which tracks the S&P 500 index.
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