Fed's Mester Says Had Favored A June Rate Rise
Portfolio Pulse from Happy Mohamed
Federal Reserve's Loretta Mester has expressed her preference for a rate hike in June. This news could potentially impact the market and the SPY ETF.
July 10, 2023 | 3:46 pm
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The SPY ETF, which tracks the S&P 500, could be impacted by the potential rate hike favored by Fed's Mester.
A rate hike can lead to higher borrowing costs, which can slow economic growth and negatively impact stock prices. As SPY tracks the S&P 500, it could be negatively impacted by this potential rate hike.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75