Fed's Daly Says It's Too Early To Declare Victory On Getting Demand In Balance With Supply; We May End Up Doing Less Or More Than A Couple Rate Hikes This Year, Depending On The Data
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mary Daly stated that it's too early to declare victory on balancing demand with supply. The Fed may end up doing less or more than a couple of rate hikes this year, depending on the data.
July 10, 2023 | 3:22 pm
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The Federal Reserve's potential rate hikes could impact the SPY ETF, as it tracks the S&P 500, which is sensitive to interest rate changes.
The SPY ETF tracks the S&P 500, which is sensitive to interest rate changes. If the Federal Reserve increases interest rates more than expected, it could lead to a decrease in the value of the SPY ETF. Conversely, if the Fed increases rates less than expected, it could lead to an increase in the value of the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
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