Fed's Daly Says Strongly Supported June Decision To Stand Pat On Rates, Watch The Data; Risks Of Under-Tightening Vs Over-Tightening Are 'About Balanced'; Community Contacts Also Worried Housing Has Hit Bottom, And Rents Are Reaccelerating
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly supported the June decision to maintain interest rates, stating that risks of under-tightening vs over-tightening are balanced. Community contacts are concerned about housing hitting bottom and rents reaccelerating.
June 23, 2023 | 1:32 pm
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NEUTRAL IMPACT
Fed's Daly's comments on maintaining interest rates and housing concerns may impact the overall market, including the SPY ETF.
Fed's Daly's comments on interest rates and housing concerns can influence investor sentiment and market trends, which may affect the SPY ETF. However, the impact is not direct and depends on how the market reacts to the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50