Fed's Kashkari Says But If Higher Long-Term Yields Are Higher Because Of Expectations About Fed Actions, We May Need To Follow Through And Deliver; We Will Need To Look At Wage And Inflation Data For Me To Get Comfort We've Done Enough
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has stated that if long-term yields are higher due to expectations about Fed actions, the Fed may need to follow through and deliver. He also mentioned that wage and inflation data will be crucial for him to be assured that enough has been done.
October 10, 2023 | 7:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The comments from Federal Reserve's Neel Kashkari may impact the SPY ETF. Higher long-term yields could lead to a decrease in the price of the ETF in the short term.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in interest rates. If the Federal Reserve increases long-term yields, it could lead to a decrease in the price of the ETF as investors may shift from equities to bonds for better returns.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50