Major indices are lower after the Fed paused rate hikes but indicated it sees two 25 bps hikes by the end of the year.
Portfolio Pulse from Benzinga Newsdesk
Major indices are lower after the Fed paused rate hikes but indicated it sees two 25 bps hikes by the end of the year.
June 14, 2023 | 6:04 pm
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NEGATIVE IMPACT
DIA is lower after the Fed paused rate hikes but indicated two 25 bps hikes by the end of the year.
The Fed's decision to pause rate hikes has led to a decline in major indices, including DIA. The indication of two 25 bps hikes by the end of the year adds uncertainty to the market, causing a negative short-term impact on DIA.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
IWM is lower after the Fed paused rate hikes but indicated two 25 bps hikes by the end of the year.
The Fed's decision to pause rate hikes has led to a decline in major indices, including IWM. The indication of two 25 bps hikes by the end of the year adds uncertainty to the market, causing a negative short-term impact on IWM.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
QQQ is lower after the Fed paused rate hikes but indicated two 25 bps hikes by the end of the year.
The Fed's decision to pause rate hikes has led to a decline in major indices, including QQQ. The indication of two 25 bps hikes by the end of the year adds uncertainty to the market, causing a negative short-term impact on QQQ.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SPY is lower after the Fed paused rate hikes but indicated two 25 bps hikes by the end of the year.
The Fed's decision to pause rate hikes has led to a decline in major indices, including SPY. The indication of two 25 bps hikes by the end of the year adds uncertainty to the market, causing a negative short-term impact on SPY.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100