U.S. Federal Reserve To Hold Fed Funds Rate In 5.25%-5.50% Range In September, Said 99 Of 110 Economists; Fed To Wait Until At Least End-March Before Cutting Rates, Said Just Over Half Of Economists, 48 Of 95
Portfolio Pulse from Benzinga Newsdesk
According to a Reuters poll, 99 out of 110 economists predict that the U.S. Federal Reserve will maintain the Fed Funds Rate in the 5.25%-5.50% range in September. Over half of the economists, 48 out of 95, believe that the Fed will not cut rates until at least the end of March.
August 18, 2023 | 1:11 pm
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NEUTRAL IMPACT
The Federal Reserve's decision to hold the Fed Funds Rate could impact the SPY ETF. A stable interest rate often leads to a stable market, which could be beneficial for SPY.
The Federal Reserve's decisions on interest rates can significantly impact the stock market. A decision to hold the Fed Funds Rate steady could lead to market stability, which could be beneficial for the SPY ETF, which tracks the S&P 500. However, the exact impact will depend on various other factors, including investor sentiment and economic indicators.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50