Fed's Bostic Said We've Only Been In Restrictive Territory For 8-10 Months, Just At Beginning Stage Of What Tightening Should Look Like
Portfolio Pulse from Charles Gross
Federal Reserve's Bostic stated that the economy has only been in restrictive territory for 8-10 months, indicating that we are just at the beginning stage of what tightening should look like.
June 29, 2023 | 10:30 am
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The Federal Reserve's tightening policy could impact the overall market, potentially affecting the SPY ETF.
The Federal Reserve's tightening policy can lead to higher interest rates, which can make borrowing more expensive for companies, potentially leading to lower corporate profits and lower stock prices. As SPY is a broad market ETF, it could be negatively impacted by these potential market-wide effects.
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