Fed's Logan Says Would Have Been Ok With A June Rate Increase; Fed's Logan Says More Fed Rate Hikes Are Likely Necessary; Fed's Logan Says 'Very Concerned' As To Whether Inflation Will Cool Quickly Enough
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Logan has expressed that he would have been comfortable with a rate increase in June. He also stated that more rate hikes are likely necessary and expressed concern over whether inflation will cool quickly enough.
July 06, 2023 | 12:48 pm
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The comments from Federal Reserve's Logan about potential rate hikes and concerns over inflation could impact the SPY ETF, which tracks the S&P 500.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by Logan's comments. Higher interest rates can lead to lower stock prices as borrowing costs increase for companies. Additionally, concerns over inflation can lead to market uncertainty, which can also negatively impact stock prices.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75