Fed's Daly Says Two More Rate Hikes This Year A 'Very Reasonable' Projection; Two More Rates Hikes Is Only A Projection, And We Don't Know For Sure; 'Prudent' To Slow The Pace Of Policy Tightening As Destination Nears
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated in a Reuters interview that two more rate hikes this year are a 'very reasonable' projection, but not certain. She also mentioned it's 'prudent' to slow the pace of policy tightening as the destination nears.
June 23, 2023 | 1:30 pm
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Fed's Daly suggests two more rate hikes this year are reasonable but not certain, and advises slowing policy tightening as the destination nears, which may impact the SPY ETF.
The Federal Reserve's interest rate decisions can have a significant impact on the overall market, which is represented by the SPY ETF. However, since the rate hikes are not certain and the pace of policy tightening may slow down, the short-term impact on the SPY ETF is neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50