Fed Projections Imply Two More 25-Basis-Point Rate Hikes This Year And 100 BPs Of Rate Cuts In 2024
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's projections imply two more 25-basis-point rate hikes this year and 100 basis points of rate cuts in 2024. This may affect the performance of the SPY ETF.
June 14, 2023 | 6:02 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPY ETF may be affected by the Federal Reserve's projections of two more 25-basis-point rate hikes this year and 100 basis points of rate cuts in 2024.
The Federal Reserve's projections of rate hikes and cuts can influence the overall market sentiment and performance of the SPY ETF. However, the exact impact on the ETF's price will depend on various factors, including market reactions to the news and other economic indicators.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75