Fed's Kashkari Says Fed Is Not Trying To Create A Recession; Expects Fed To Hold Rates Steady Next Year
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has stated that the Fed is not aiming to create a recession and expects it to hold rates steady next year. This statement was reported by CNBC.
September 27, 2023 | 12:19 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The Federal Reserve's decision to hold rates steady could impact the SPY ETF, as it is a broad market indicator. Stable rates often lead to a positive market sentiment.
The SPY ETF is a broad market indicator. The Federal Reserve's decision to hold rates steady is generally seen as a positive sign for the market, as it indicates stability and predictability. This could lead to increased investor confidence and a potential rise in the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50