Bostic Says We Are In Process Of Finding A New Equilibrium On Rates
Portfolio Pulse from Bill Haddad
Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, stated that the Federal Reserve is in the process of finding a new equilibrium on rates, according to Reuters.
October 10, 2023 | 1:57 pm
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NEUTRAL IMPACT
The statement by Raphael Bostic about the Federal Reserve finding a new equilibrium on rates could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy.
The SPY ETF tracks the S&P 500, which is sensitive to changes in monetary policy. If the Federal Reserve changes its stance on interest rates, it could lead to volatility in the stock market, impacting the value of the SPY ETF.
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