Fed's Bostic Says If Economy Evolves As I Expect, Would Be Comfortable Advocating For No Rate Hike In September; If Progress On Inflation Unexpectedly Stalls, I Would Be Comfortable Contemplating A Rate Hike
Portfolio Pulse from Happy Mohamed
Federal Reserve's Bostic stated that if the economy evolves as he expects, he would be comfortable advocating for no rate hike in September. However, if progress on inflation unexpectedly stalls, he would contemplate a rate hike.

August 04, 2023 | 10:18 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The potential for no rate hike in September could positively impact SPY. However, if inflation progress stalls, the contemplation of a rate hike could negatively impact SPY.
The SPY ETF tracks the S&P 500, which is sensitive to interest rate changes. A decision to not raise rates could boost the market, benefiting SPY. However, if inflation progress stalls and a rate hike is contemplated, this could create uncertainty and potentially negatively impact SPY.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75