Fed Officials See Fed Funds Rate at a Median of 5.6% at End of 2023; 5.1% at End of 2024; 3.9% at End of 2025; 2.9% at End of 2026; 2.5% in Longer Run
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve officials predict the Fed Funds Rate to be at a median of 5.6% by the end of 2023, 5.1% by the end of 2024, 3.9% by the end of 2025, 2.9% by the end of 2026, and 2.5% in the longer run.
September 20, 2023 | 6:04 pm
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NEUTRAL IMPACT
The projected decrease in the Fed Funds Rate over the next few years could impact the performance of the SPY ETF.
The Federal Reserve's interest rate projections can influence the performance of the SPY ETF. A decrease in the Fed Funds Rate typically leads to lower borrowing costs, which can stimulate economic growth and potentially boost stock market performance. However, the impact can vary based on other economic factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50