Fed's Waller Says We Still Have One Rate Hike Penciled In, Will Be Totally Driven By The Data If It Happens, Or When
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Christopher Waller stated that there is still one rate hike penciled in, but its implementation will be entirely data-driven. The timing of the rate hike is uncertain.
October 18, 2023 | 4:34 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The potential rate hike by the Federal Reserve could impact the SPY ETF. The timing and implementation of the rate hike, being data-driven, introduces uncertainty.
Interest rate hikes generally lead to a decrease in stock prices as borrowing costs increase, potentially impacting the SPY ETF. However, the uncertainty around the timing and implementation of the rate hike makes it difficult to predict the exact impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50