Is Federal Reserve 'Near The End Of Rate Hiking Campaign'? 3 Economists Weigh In On FOMC Minutes
Portfolio Pulse from Aaron Bry
The Federal Reserve released the September meeting minutes, indicating a possible end to the interest rate hike cycle. Economists, including Jeffrey Roach from LPL Financial and Bill Adams from Comerica Bank, believe the Fed will proceed carefully with future decisions, potentially pausing rate hikes. The ongoing conflict in the Middle East and its impact on oil prices could influence these decisions. Despite the geopolitical uncertainty, the SPDR S&P 500 Trust ETF (NYSE:SPY) has risen nearly 2%.
October 11, 2023 | 8:29 pm
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POSITIVE IMPACT
Despite geopolitical uncertainty and potential changes in the Federal Reserve's interest rate policy, the SPDR S&P 500 Trust ETF (NYSE:SPY) has seen a nearly 2% increase.
The SPDR S&P 500 Trust ETF (NYSE:SPY) has shown resilience amidst geopolitical uncertainty and potential changes in the Federal Reserve's interest rate policy. This suggests that investors are confident in the strength of the US market, which could continue to drive the ETF's price up in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80