Fed Chair Powell Says It May Make Sense To Move Rates Higher, At More Moderate Pace; June Pause, Higher Dot Plot 'Entirely Consistent
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that it may be reasonable to increase interest rates at a more moderate pace, with a possible pause in June and a higher dot plot being 'entirely consistent'.
June 21, 2023 | 2:28 pm
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POSITIVE IMPACT
Fed Chair Powell's comments on a more moderate pace for interest rate hikes and a possible June pause may impact the SPY ETF.
Fed Chair Powell's comments on a more moderate pace for interest rate hikes and a possible June pause may lead to a positive sentiment among investors, potentially driving the SPY ETF higher in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75