Fed's Mester Says We Are Getting Close To Where We Need To Be With Rates; We Need To See More Evidence Inflation Is Cooling
Portfolio Pulse from Happy Mohamed
Federal Reserve's Mester has stated that the current rates are nearing the desired level. However, she emphasized the need for more evidence of cooling inflation.
August 25, 2023 | 3:36 pm
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NEUTRAL IMPACT
The statement from Fed's Mester could impact the SPY ETF. The nearing of target rates might stabilize the market, but concerns over inflation could introduce volatility.
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's interest rate decisions. If the rates are nearing the target, it might stabilize the market. However, concerns over inflation could introduce volatility, as inflation impacts the overall economy and, in turn, the companies in the S&P 500.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50