Fed's Mester Says Expects To Hit 2% Inflation By End Of 2025; Doesn't See Rate Cuts Happening Any Time Soon; Yields Up On A Number Of Factors, Including Changed Outlook On Growth
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Loretta Mester expects to hit 2% inflation by the end of 2025 and doesn't foresee any rate cuts happening soon. She attributes the rise in yields to several factors, including a changed outlook on growth.
October 03, 2023 | 3:32 pm
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NEUTRAL IMPACT
The Federal Reserve's outlook on inflation and interest rates could impact the SPY ETF. The expectation of no rate cuts and a 2% inflation rate by 2025 may influence investor sentiment.
The Federal Reserve's policies have a significant impact on the overall market, which is represented by the SPY ETF. The expectation of no rate cuts and a 2% inflation rate by 2025 could influence investor sentiment and market dynamics, potentially affecting the price of the SPY ETF. However, the exact impact is uncertain due to other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50