Fed's Harker Says Should We Be At The Point Of Holding Rates Steady, 'we Will Need To Be There For A While'; Does Not 'Foresee Any Likely Circumstance For An Immediate Easing Of The Policy Rate'
Portfolio Pulse from Happy Mohamed
Federal Reserve's Harker stated that if the point of holding rates steady is reached, it will need to be maintained for a while. He does not foresee any immediate easing of the policy rate.
August 08, 2023 | 1:15 pm
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NEUTRAL IMPACT
The statement by Federal Reserve's Harker about maintaining steady rates for a while and no immediate easing of policy rate could impact the SPY ETF.
The SPY ETF tracks the S&P 500, which is sensitive to changes in the Federal Reserve's monetary policy. Harker's statement about maintaining steady rates for a while and no immediate easing of the policy rate could create uncertainty in the market, potentially affecting the performance of the SPY ETF. However, the exact impact will depend on how investors interpret and react to this news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50