Fed's Bostic Says Rates Should Stay Where They Are For The Rest Of The Year; Fed Should Do All It Can To Avoid A "Significant" Economic Downturn; If Economy Does Not Slow Down Will Have To Reconsider Position On Rates
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of Atlanta President Raphael Bostic stated that interest rates should remain unchanged for the rest of the year to avoid a significant economic downturn. He added that if the economy does not slow down, the Fed may have to reconsider its position on rates.
June 21, 2023 | 7:37 pm
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Fed's Bostic suggests interest rates should remain unchanged for the rest of the year, potentially impacting the broader market, including the SPY ETF.
Bostic's statement on interest rates remaining unchanged for the rest of the year may have a neutral impact on the broader market, including the SPY ETF. While unchanged rates can support economic growth, the possibility of reconsidering the position if the economy doesn't slow down adds uncertainty.
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IMPORTANCE 70
RELEVANCE 50