Cleveland Fed Pres. Mester Says Will Decide What Fed Should Do On Rates At Next Meeting; Wants Inflation Back To 2% By End Of 2025
Portfolio Pulse from Benzinga Newsdesk
Cleveland Federal Reserve President Mester has stated that decisions regarding interest rates will be made at the next Fed meeting. She expressed a desire to see inflation return to 2% by the end of 2025.
October 06, 2023 | 7:40 pm
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The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's decisions on interest rates. Higher rates could potentially slow economic growth, affecting the value of the ETF.
The SPY ETF tracks the S&P 500, a broad measure of the US stock market. Decisions on interest rates by the Federal Reserve can significantly impact the economy and, by extension, the stock market. Higher interest rates can slow economic growth by making borrowing more expensive, which could potentially decrease the value of the SPY ETF.
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IMPORTANCE 85
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