Live On CNBC, Wharton's Jeremy Siegel Says "Fed Will Not Raise Rates In November"
Portfolio Pulse from Benzinga Newsdesk
Wharton's Jeremy Siegel stated on CNBC that the Federal Reserve will not raise rates in November. This could potentially impact the performance of the SPY ETF.
October 02, 2023 | 2:11 pm
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NEUTRAL IMPACT
The prediction of no rate hike by the Federal Reserve in November, as stated by Jeremy Siegel, could potentially impact the performance of the SPY ETF.
Interest rates have a significant impact on the performance of ETFs. If the Federal Reserve does not raise rates, it could lead to a more favorable environment for the SPY ETF, potentially leading to increased performance. However, this is based on a prediction and not a confirmed action, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75