Fed's Waller Says Recent Data Gives Fed Space Before Making Next Rate Decision
Portfolio Pulse from Happy Mohamed
Federal Reserve Governor Christopher Waller stated that recent data gives the Federal Reserve some breathing room before making the next rate decision. This suggests that the Fed may not rush to increase interest rates.
September 05, 2023 | 12:43 pm
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POSITIVE IMPACT
The statement by Federal Reserve Governor Christopher Waller may impact the SPY ETF. If the Fed delays rate hikes, it could potentially boost the stock market, positively impacting SPY.
The Federal Reserve's decisions on interest rates significantly impact the stock market. A delay in rate hikes often leads to a boost in the stock market as borrowing costs remain low, potentially leading to increased corporate profits. As SPY is a broad market ETF, it is likely to be positively impacted by this news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70