Major indices are higher following Wednesday's Fed decision. The Fed paused rate hikes but indicated it sees two more 25-bps hikes this year.
Portfolio Pulse from Benzinga Newsdesk
Major indices are higher following the Fed's decision to pause rate hikes, with two more 25-bps hikes expected this year.
June 15, 2023 | 3:49 pm
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POSITIVE IMPACT
DIA is higher following the Fed's decision to pause rate hikes, with two more 25-bps hikes expected this year.
The Fed's decision to pause rate hikes has led to a positive market reaction, causing major indices like DIA to rise. The expectation of two more 25-bps hikes this year may continue to influence the index's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
IWM is higher following the Fed's decision to pause rate hikes, with two more 25-bps hikes expected this year.
The Fed's decision to pause rate hikes has led to a positive market reaction, causing major indices like IWM to rise. The expectation of two more 25-bps hikes this year may continue to influence the index's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
QQQ is higher following the Fed's decision to pause rate hikes, with two more 25-bps hikes expected this year.
The Fed's decision to pause rate hikes has led to a positive market reaction, causing major indices like QQQ to rise. The expectation of two more 25-bps hikes this year may continue to influence the index's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
POSITIVE IMPACT
SPY is higher following the Fed's decision to pause rate hikes, with two more 25-bps hikes expected this year.
The Fed's decision to pause rate hikes has led to a positive market reaction, causing major indices like SPY to rise. The expectation of two more 25-bps hikes this year may continue to influence the index's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75