Fed's Harker Says We Should Keep Stance Restrictive For A While
Portfolio Pulse from Happy Mohamed
In a CNBC interview, Federal Reserve's Harker stated that the central bank should maintain its restrictive stance for a while. This could potentially impact the overall market and ETFs like SPY.
August 24, 2023 | 2:09 pm
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The Federal Reserve's decision to maintain its restrictive stance could potentially impact the overall market and ETFs like SPY.
The Federal Reserve's monetary policy has a significant impact on the overall market. A restrictive stance usually means higher interest rates, which can make borrowing more expensive and slow down economic growth. This can lead to a decrease in stock prices, impacting ETFs like SPY that track the market.
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