Fed's Daly Says The Risks Have Become More Balanced; Today, With Labor Market Still Strong, Inflation High, Risks Of Doing Too Little Are Outweighing Risks Of Doing Too Much.; It's Appropriate To Slow Pace Of Rate Hikes.
Portfolio Pulse from Happy Mohamed
Federal Reserve's Daly stated that the risks have become more balanced with a strong labor market and high inflation. She suggested that it's appropriate to slow the pace of rate hikes.
July 10, 2023 | 3:16 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The Federal Reserve's potential slowing of rate hikes could impact the SPY ETF. Lower interest rates generally lead to higher stock prices.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. If the Federal Reserve slows the pace of rate hikes, this could lead to lower interest rates, which generally boost stock prices. Therefore, the SPY ETF could potentially benefit from this situation.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75