Fed's Goolsbee Says Still Trying To Process Why Long-end Interest Rates Are Increasing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee has expressed that he is still trying to understand why long-end interest rates are increasing.
September 28, 2023 | 1:56 pm
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The SPY ETF, which tracks the S&P 500, could be affected by changes in long-end interest rates as they influence the overall market sentiment.
Long-end interest rates influence the cost of borrowing and investment returns. If these rates are increasing, it could signal a tightening of monetary policy, which may lead to a decrease in stock prices. As SPY tracks the S&P 500, it could be negatively impacted.
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