Fed Chair Powell Says As A Group It's A Pretty Tight Cluster Around End-Of-Year Rate View
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has indicated that there is a consensus among the Federal Reserve officials about the end-of-year rate view, according to Reuters.
September 20, 2023 | 6:45 pm
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The consensus on the end-of-year rate view among Federal Reserve officials, as indicated by Fed Chair Powell, could impact the SPY ETF.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. If the Federal Reserve officials have a consensus on the end-of-year rate view, this could impact the performance of the SPY ETF. However, the exact direction of the impact would depend on the specifics of the rate view.
CONFIDENCE 80
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