Fed's Mester Says We Probably Still Have Some More Work To Do With Rates; Doesn't Want Fed To Overtighten Interest Rates; In June Forecast Did Not See Fed Cutting Rates In 2024
Portfolio Pulse from Happy Mohamed
Federal Reserve's Loretta Mester stated that there is likely more work to be done with interest rates, expressing concern about the Fed overtightening them. In her June forecast, she did not anticipate the Fed cutting rates in 2024.
August 25, 2023 | 3:38 pm
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NEUTRAL IMPACT
The comments from Fed's Mester about potential changes in interest rates could impact the broader market, represented by SPY.
Interest rates have a significant impact on the overall market. While Mester's comments do not indicate a clear direction, they suggest potential changes that could affect market sentiment and, consequently, the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75