Fed's Daly Says Risk Of Doing Too Little On Rates Outweigh Doing Too Much.
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mary Daly has stated that the risk of doing too little in terms of interest rates outweighs the risk of doing too much. This suggests a potential inclination towards maintaining or even lowering interest rates.
July 10, 2023 | 3:17 pm
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POSITIVE IMPACT
The potential for maintained or lowered interest rates could have a positive impact on the SPY ETF, as lower rates generally encourage investment in the stock market.
Lower interest rates generally encourage borrowing and investment in the stock market, which could lead to an increase in the value of the SPY ETF. However, the impact is indirect and depends on the overall market reaction to the interest rate changes.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50