Fed's Daly Says Right Now, All Of My Attention Is On Deciding If We Need To Hike More And How Much More We Need Hike In Order To Get Inflation Down To 2%.
Portfolio Pulse from Happy Mohamed
Federal Reserve's Daly stated that her current focus is on determining whether there is a need for further interest rate hikes and the extent of such hikes to bring inflation down to 2%.
July 13, 2023 | 3:42 pm
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The potential for further interest rate hikes could impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to changes in interest rates.
Interest rate hikes generally lead to increased borrowing costs, which can slow economic growth and negatively impact stock prices. As SPY tracks the S&P 500, it is likely to be affected by these potential changes.
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