Fed's Harker Says Current Interest Rate Environment Draining Housing Market Of New Buyers; Reiterates U.S. Central Bank Very Likely Done With Rate Hikes
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Harker has stated that the current interest rate environment is draining the housing market of new buyers. He also reiterated that the U.S. Central Bank is very likely done with rate hikes.
October 16, 2023 | 2:32 pm
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The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's stance on interest rates. Lower interest rates could stimulate economic activity, potentially boosting the value of the ETF.
The SPY ETF tracks the S&P 500, which is a broad representation of the U.S. stock market. The Federal Reserve's interest rate decisions can significantly impact the overall economy, and thus the stock market. If the Fed is indeed done with rate hikes, this could stimulate economic activity as borrowing costs remain low, potentially boosting the value of the ETF.
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