Fed's Mester Says Expects Housing Inflation To Ease, But It's Still An Upside Rise For Price Pressures; Says Would Have Hiked Rates In June But Understands Why Fed Didn't Act
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Loretta Mester expects housing inflation to ease, but it still poses an upside risk for price pressures. She would have preferred a rate hike in June but understands why the Fed didn't act.
July 10, 2023 | 5:05 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on inflation and interest rates can significantly impact the SPY ETF. Mester's comments suggest a potential rate hike in the future, which could lead to market volatility.
The Federal Reserve's decisions on interest rates directly impact the stock market. Mester's comments suggest she is in favor of a rate hike, which could lead to increased market volatility. This could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in the overall market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50