Fed's Daly Says I Am Supportive Of The Rate Hike We Took In July; To Support Holding Rates, We Would Want To See Path Of Inflation Completely Downward
Portfolio Pulse from Happy Mohamed
Federal Reserve's Daly has expressed support for the rate hike implemented in July. She also stated that to support holding rates, a completely downward path of inflation would be needed.
August 10, 2023 | 3:17 pm
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The Federal Reserve's stance on interest rates could impact the SPY ETF. A rate hike generally leads to a decrease in stock prices, while a downward inflation path could stabilize prices.
The Federal Reserve's decisions on interest rates directly impact the stock market. A rate hike can lead to decreased stock prices as borrowing costs increase for companies. However, a downward inflation path, which Daly suggests would be needed to hold rates, could stabilize stock prices by reducing the cost of goods and services.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50