Fed's Harker Calls for Extension of Pause on Interest-Rate Increases; Said 'Lets See How Things Evolve' Over Next Few Months
Portfolio Pulse from Charles Gross
Federal Reserve's Harker has called for an extension of the pause on interest-rate increases, suggesting to 'see how things evolve' over the next few months. This news was reported by the Wall Street Journal.
October 18, 2023 | 9:39 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
The extension of the pause on interest-rate increases could potentially impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to interest rate changes.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in interest rates. If the Federal Reserve extends the pause on interest-rate increases, it could potentially lead to a more favorable environment for stocks, as lower interest rates generally encourage borrowing and investment. This could lead to an increase in the value of the SPY ETF in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75