Fed's Waller Says We Still Have One Rate Hike Penciled In, Will Be Totally Driven By The Data If It Happens, Or When; Higher Long Rates For Whatever Reason Puts In Tightening; If Long Rates Go Up And Persist, That Will Do Some Of The Fed's Work
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Christopher Waller stated that there is still one rate hike penciled in, which will be entirely data-driven. He also mentioned that higher long rates could lead to tightening and if these rates persist, it could do some of the Fed's work.
October 18, 2023 | 4:43 pm
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The Federal Reserve's potential rate hike and higher long rates could impact the SPY ETF, as it tracks the S&P 500 which is sensitive to interest rate changes.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in interest rates. A rate hike or higher long rates could lead to tightening, potentially causing a decrease in the value of the ETF in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 50