Fed's Daly Says We Are At The Last Part Of Our Rate-Hiking Cycle
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of San Francisco President Mary Daly stated that the Fed is nearing the end of its rate-hiking cycle. This could potentially impact the overall market and ETFs like SPY.
July 10, 2023 | 3:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The end of the rate-hiking cycle could potentially lead to a more stable market, which could positively impact SPY.
The end of the rate-hiking cycle often leads to a more stable market as investors have more certainty about the cost of borrowing. This could lead to increased investment in the market, potentially driving up the price of ETFs like SPY.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80