Fed's Goolsbee Says If Long Rates Continue Increasing Fed Will Have To Take Account Of That As A Form Of Tightening
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee has stated that if long rates continue to increase, the Fed will have to consider this as a form of tightening, according to Reuters.
September 28, 2023 | 1:58 pm
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The statement by Fed's Goolsbee about potential tightening if long rates continue to rise could impact the SPY ETF, which tracks the S&P 500.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the potential tightening of the Federal Reserve due to rising long rates. This is because tightening often leads to a decrease in liquidity, which can lead to a decrease in stock prices. As SPY tracks the S&P 500, a decrease in stock prices would likely lead to a decrease in the value of the ETF.
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IMPORTANCE 70
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