Fed's Daly Says Need To Keep An Open Mind, Have Optionality On Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of San Francisco President Mary Daly stated that it's important to keep an open mind and maintain optionality on interest rates, according to Reuters.
October 05, 2023 | 4:16 pm
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NEUTRAL IMPACT
The statement by Fed's Daly may influence the overall market sentiment, potentially affecting the SPY ETF.
The Federal Reserve's stance on interest rates can significantly influence the overall market sentiment. While the SPY ETF is not directly mentioned, it represents a broad market index and is likely to be affected by changes in market sentiment. However, the exact impact is uncertain as it depends on how investors interpret and react to these comments.
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