Fed's Bowman Says "Additional Policy Rate Increases" Will Be Needed To Reach Sufficiently Restrictive Level And Control Inflation; Inflation Still "Unaccpetably High" Despite Drop In Headline Number
Portfolio Pulse from Happy Mohamed
Federal Reserve Governor Michelle Bowman stated that additional policy rate increases will be needed to reach a sufficiently restrictive level and control inflation, which remains unacceptably high despite a drop in the headline number.
June 22, 2023 | 1:56 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fed's Bowman's comments on additional policy rate increases to control inflation may lead to short-term uncertainty in the market, potentially impacting the SPY ETF.
Federal Reserve's policy rate increases can lead to higher borrowing costs and reduced liquidity in the market, which may cause short-term uncertainty and negatively impact the stock market, including the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50