Fed's Harker Says Fed Will Need To Keep Rates Restrictive For A While; Is Seeing An Uptick In Labor Productivity
Portfolio Pulse from Happy Mohamed
Federal Reserve's Harker has stated that the Fed will need to keep rates restrictive for a while due to an uptick in labor productivity. This could potentially impact the overall market and ETFs like SPY.
August 24, 2023 | 2:10 pm
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The Federal Reserve's decision to keep rates restrictive could potentially impact the SPY ETF, as it reflects the overall market.
The Federal Reserve's decision to keep rates restrictive due to an uptick in labor productivity could potentially lead to a slowdown in the economy. This could negatively impact the overall market and ETFs like SPY, which are designed to track the performance of the S&P 500 Index.
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IMPORTANCE 80
RELEVANCE 75