Fed's Daly Says Market Probabilities For Fed Rate Hike This Year Are Not Extraordinarily High, And That's Consistent With How Think About Things
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Daly stated that market probabilities for a Fed rate hike this year are not extraordinarily high, aligning with her perspective on the matter.
October 05, 2023 | 4:56 pm
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NEUTRAL IMPACT
The statement by Fed's Daly about the low probability of a rate hike this year may have a stabilizing effect on the SPY ETF.
Interest rate hikes often lead to increased volatility in the stock market. Daly's comments suggest a lower likelihood of such volatility, which could stabilize the SPY ETF. However, as the ETF is influenced by a multitude of factors, the impact is not guaranteed.
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