Federal Reserve Leaves Key Overnight Interest Rate Unchanged At 5.25-5.50%, Sees One More 25-Basis-Point Rate Hike By End Of Year
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve has decided to leave the key overnight interest rate unchanged at 5.25-5.50%. It also anticipates one more 25-basis-point rate hike by the end of the year.
September 20, 2023 | 6:01 pm
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NEUTRAL IMPACT
The unchanged interest rate and the anticipated rate hike by the Federal Reserve could impact the SPY ETF.
The Federal Reserve's decisions on interest rates can have a significant impact on the stock market. While the decision to leave the rate unchanged might not have an immediate impact, the anticipated rate hike could lead to increased volatility in the market, potentially affecting the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75