Fed's Harker Says Spillover Impact Of Fed Rate Hikes On Economy Favor Holding Steady
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Harker has stated that the spillover impact of Fed rate hikes on the economy is a reason to hold steady. This suggests that there may not be any immediate changes to the interest rates.
October 13, 2023 | 1:51 pm
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The statement by Fed's Harker may lead to stability in the market, potentially impacting the SPY ETF positively as it tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in the Federal Reserve's monetary policy. Harker's comments suggest a steady approach, which could lead to market stability and potentially have a positive impact on the SPY ETF.
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