Fed's Bostic Says As Long As Expectations Don't Spike The Fed Can Afford To Be Patient; Not In A Hurry To Hike Again, But Also Not In A Hurry To Cut And Send A Premature Signal Of Policy Easing; Fed Should Be On Hold For "A Long Time"
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic stated that the Fed can afford to be patient as long as expectations don't spike. He mentioned that the Fed is not in a hurry to hike again, but also not in a hurry to cut and send a premature signal of policy easing. He suggested that the Fed should be on hold for a long time.
October 03, 2023 | 12:46 pm
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NEUTRAL IMPACT
The Federal Reserve's patient stance on interest rates could impact the SPY ETF. A prolonged hold on rate changes may influence market sentiment and the performance of the ETF.
The Federal Reserve's decisions on interest rates directly impact the financial markets. A prolonged hold on rate changes can lead to stability in the markets, which could influence the performance of the SPY ETF. However, the exact impact will depend on various other factors including market sentiment and economic indicators.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50