Minneapolis Fed President Kashkari Said There Is A Risk Interest Rates Might Have To Go Higher, But Hard To Know
Portfolio Pulse from Charles Gross
In a recent interview with CNN, Minneapolis Fed President Kashkari stated that there is a risk that interest rates might have to increase, although it's hard to predict with certainty.
September 27, 2023 | 10:55 am
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NEGATIVE IMPACT
The potential increase in interest rates as suggested by Minneapolis Fed President Kashkari could impact the performance of FEDC.
FEDC, being a fund that tracks the performance of a Federal Reserve index, could be negatively impacted by a rise in interest rates. Higher interest rates generally mean higher borrowing costs, which can slow economic growth and negatively impact stock performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The potential increase in interest rates as suggested by Minneapolis Fed President Kashkari could impact the performance of SPY.
SPY, being an ETF that tracks the S&P 500, could be negatively impacted by a rise in interest rates. Higher interest rates can lead to higher borrowing costs for companies, which can slow economic growth and negatively impact stock performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70