FOMC Fed Interest Rate Decision 5.50% Vs 5.50% Est (Unchanged)
Portfolio Pulse from Benzinga Newsdesk
The Federal Open Market Committee (FOMC) has decided to keep the interest rate unchanged at 5.50%, which was in line with the estimates.
September 20, 2023 | 6:00 pm
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NEUTRAL IMPACT
The unchanged interest rate decision by the FOMC may have a neutral impact on the SPY ETF as it was in line with the estimates.
The FOMC's decision to keep the interest rate unchanged was expected, and thus, it is unlikely to cause significant volatility in the SPY ETF. However, any changes in interest rates can influence the stock market, and hence, it is still relevant for SPY investors.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50