U.S. Rate Futures Slightly Pare Back Chances Of Rate Hike In November, December After Fed's Powell Speech
Portfolio Pulse from Happy Mohamed
Following a speech by Federal Reserve Chairman Jerome Powell, U.S. rate futures have slightly reduced the likelihood of a rate hike in November and December, according to Reuters citing Refinitiv's Fedwatch.
August 25, 2023 | 2:07 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the reduced likelihood of a rate hike in the short term.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. A reduced likelihood of a rate hike can lead to increased market optimism, potentially boosting the ETF. However, the impact is uncertain as it depends on various other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75