Fed's Collins Says May Be At A Place Where Fed Can Hold Steady; Says More Fed Rate Hikes Are Possible
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Collins suggests that the Fed may be in a position to hold steady on interest rates, but also indicates that more rate hikes are possible.
August 24, 2023 | 3:25 pm
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NEUTRAL IMPACT
The comments from Fed's Collins may impact the SPY ETF, as changes in interest rates can influence the overall market.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. If the Fed holds steady on rates, it could stabilize the market, potentially benefiting SPY. However, the possibility of future rate hikes introduces uncertainty, which could lead to volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75