Fed Pauses Interest Rates: A Short-Lived Break — Or The End For The Hiking Frenzy? 5 Economists React
Portfolio Pulse from Piero Cingari
The Federal Reserve held interest rates steady at its June FOMC meeting, causing the SPDR S&P 500 ETF Trust (NYSE:SPY) to initially drop 0.6%. Economists and analysts are divided on whether this marks the end of the hiking cycle or if more hikes are expected later this year.
June 14, 2023 | 9:09 pm
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NEGATIVE IMPACT
The Federal Reserve's decision to hold interest rates steady caused the SPDR S&P 500 ETF Trust (NYSE:SPY) to initially drop 0.6%. The future direction of interest rates remains uncertain.
The Federal Reserve's decision to hold interest rates steady caught the market by surprise, causing the SPY to drop 0.6%. The future direction of interest rates remains uncertain, with economists and analysts divided on whether this marks the end of the hiking cycle or if more hikes are expected later this year. This uncertainty could negatively impact the SPY in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100