Fed's Goolsbee Says He Doesn't Like To Speculate About Upcoming Fed Action; Fed Debate Moving Toward How Long To Keep Rates Up; Fed Debate Less About Whether To Hike Rates Again
Portfolio Pulse from Happy Mohamed
Fed's Goolsbee has stated that he does not like to speculate about upcoming Fed actions. The debate within the Fed is now more about the duration of keeping the rates up rather than whether to hike the rates again.
August 25, 2023 | 4:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by the Fed's decisions on interest rates. Higher rates could potentially lead to lower stock prices.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in interest rates. If the Fed decides to keep rates up for a longer period, it could increase borrowing costs for companies, potentially leading to lower profits and lower stock prices. Therefore, the SPY ETF could potentially decrease in value.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75