Fed's President Of Chicago Goolsbee Says Nothing Is Off, Or On The Table, For September Rates Decision
Portfolio Pulse from Benzinga Newsdesk
The President of the Federal Reserve Bank of Chicago, Goolsbee, has stated that all options are open for the September rates decision, according to Reuters.
July 31, 2023 | 1:30 pm
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NEUTRAL IMPACT
The statement by the President of the Federal Reserve Bank of Chicago could impact the SPY ETF as it tracks the S&P 500, which is sensitive to interest rate changes.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in interest rates. The statement by the President of the Federal Reserve Bank of Chicago that all options are open for the September rates decision introduces uncertainty, which could lead to volatility in the ETF's price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50