Fed Governor Bowman Said U.S. Policy Rate May Need To Rise Further
Portfolio Pulse from Charles Gross
Federal Reserve Governor Michelle Bowman has indicated that the U.S. policy rate may need to rise further. This could potentially impact the broader market, including ETFs like SPY.
October 11, 2023 | 8:48 am
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NEGATIVE IMPACT
The potential rise in the U.S. policy rate as indicated by Fed Governor Bowman could impact the SPY ETF, which tracks the broader market.
A rise in the U.S. policy rate typically leads to a decrease in stock prices as borrowing costs increase, potentially making investments less attractive. This could negatively impact the SPY ETF, which tracks the broader market.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75