Fed's Chair Powell Says Higher Rates Weighing On Business Investment
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that higher interest rates are impacting business investment. This could potentially affect the broader market, including ETFs like SPY.
September 20, 2023 | 6:33 pm
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NEGATIVE IMPACT
Higher interest rates, as mentioned by Fed Chair Powell, could potentially impact the performance of SPY, a broad market ETF.
Higher interest rates can slow down economic growth by making borrowing more expensive. This can lead to reduced business investment, which can negatively impact the broader market and ETFs like SPY that track it.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75