Fed's Daly Says If Continue To See Labor Market And Inflation Cooling, We Can Hold Rates Steady; If Financial Conditions Remain Tight, That Reduces Need For More Action From Fed
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Daly stated that if the labor market and inflation continue to cool, there would be no need to adjust rates. Furthermore, if financial conditions remain tight, it reduces the need for more action from the Fed.
October 05, 2023 | 4:14 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by the Fed's potential decision to hold rates steady, as it reflects the performance of the S&P 500 Index, which is sensitive to interest rate changes.
The SPY ETF tracks the S&P 500 Index, which is sensitive to changes in interest rates. If the Fed holds rates steady, it could stabilize the market, potentially impacting the performance of SPY. However, the direct impact is uncertain as it also depends on other market factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50