Fed Chair Powell Says Main Issue Is Determining Extent Of Additional Tightening; It May Make Sense For Rates To Move Higher, But At A More Moderate Pace
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the main issue is determining the extent of additional tightening, suggesting that it may make sense for interest rates to move higher but at a more moderate pace.
June 14, 2023 | 6:43 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on potential interest rate hikes at a moderate pace may impact the SPY ETF in the short term.
Fed Chair Powell's statement on the potential for interest rate hikes at a more moderate pace may have a neutral impact on the SPY ETF in the short term. While higher interest rates can lead to lower stock prices, the moderate pace suggested by Powell may not cause significant market fluctuations.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50