Fed Chair Powell Says We Are Stretching Out To A More Moderate Pace Of Hiking
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell stated that the central bank is moving towards a more moderate pace of interest rate hikes.
June 14, 2023 | 6:54 pm
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POSITIVE IMPACT
Fed Chair Powell's statement on a more moderate pace of interest rate hikes may positively impact the SPY ETF in the short term.
A more moderate pace of interest rate hikes may lead to increased market confidence and reduced borrowing costs for businesses, which could positively impact the overall stock market and the SPY ETF in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80