Fed's Chair Powell Says If Data Suggests More Hikes Are Needed That Is The Judgment We'll Make
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that if economic data suggests more interest rate hikes are needed, that is the judgment the Federal Reserve will make. This statement suggests a data-driven approach to monetary policy.
July 26, 2023 | 6:40 pm
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The statement by Federal Reserve Chair Jerome Powell could impact the SPY ETF. If interest rates rise, it could lead to a decrease in stock prices, potentially negatively impacting the ETF.
Interest rate hikes often lead to a decrease in stock prices as borrowing costs increase for companies, potentially reducing their profitability. This could lead to a decrease in the value of the SPY ETF, which tracks the S&P 500 index.
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