Fed's Vice Chair For Supervision Barr Says Likely We Are At Or Near Sufficiently Restrictive Level Of Rates; It Is Likely We Will Need To Keep Rates Up For Some Time; I Am Confident We Will Get Inflation To 2%
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's Vice Chair for Supervision, Barr, has stated that we are likely at or near a sufficiently restrictive level of rates. He also mentioned that it is probable that rates will need to be kept up for some time and expressed confidence in achieving a 2% inflation rate.
October 02, 2023 | 5:27 pm
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NEGATIVE IMPACT
The Federal Reserve's stance on interest rates could impact the SPY ETF. Higher interest rates can lead to lower stock prices as borrowing costs increase for companies.
The Federal Reserve's decision to maintain high interest rates can increase borrowing costs for companies, potentially leading to lower profits and thus lower stock prices. As SPY is a broad market ETF, it could be negatively impacted by these potential lower stock prices.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 75