FOMC Minutes Say Majority Of Fed Officials Saw One More Rate Increase As Appropriate
Portfolio Pulse from Benzinga Newsdesk
The Federal Open Market Committee (FOMC) minutes reveal that the majority of Federal Reserve officials believe one more rate increase is appropriate.
October 11, 2023 | 6:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's potential rate increase.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. If the Federal Reserve increases rates, it could lead to a decrease in stock prices, negatively impacting the SPY ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80