Fed's Barkin Says Rate Moves Work Through Financial Conditions; Longer-Term Rates Have Moved Up, That Has Tightened Conditions
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that rate moves work through financial conditions and that longer-term rates have moved up, which has tightened conditions.
October 17, 2023 | 3:54 pm
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The Federal Reserve's comments on rate moves and tightening financial conditions could impact the SPY ETF, which tracks the S&P 500.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the Federal Reserve's comments. Higher interest rates can lead to tighter financial conditions, which can slow economic growth and negatively impact stock prices. As such, the SPY ETF could see a decrease in value in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75