Fed's Waller Says Financial Markets Are Tightening And Will "Do Some Of The Work For Us"; Will See How Higher Long-Term Rates Feed Into Fed Policy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher Waller stated that financial markets are tightening and will 'do some of the work for us'. He also mentioned that the Fed will observe how higher long-term rates feed into its policy.
October 11, 2023 | 2:42 pm
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The tightening of financial markets, as stated by Fed's Waller, may impact the SPY ETF. The Fed's observation of higher long-term rates could also influence the ETF.
The SPY ETF, which tracks the S&P 500, could be influenced by the tightening of financial markets and the Fed's observation of higher long-term rates. However, the exact impact is uncertain and will depend on the Fed's subsequent policy decisions.
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IMPORTANCE 70
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