Fed's Powell Says Higher Bond Yields Are Producing Tighter Financial Conditions Which Fed Wants; At Margin Higher Yields Take Some Pressure Off Fed To Raise Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that higher bond yields are leading to tighter financial conditions, which is what the Fed desires. He also mentioned that higher yields at the margin are reducing the pressure on the Fed to increase rates.
October 19, 2023 | 4:51 pm
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NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be impacted by the Fed's stance on bond yields and interest rates. Higher bond yields could lead to a shift from equities to bonds, potentially affecting SPY.
The Federal Reserve's stance on bond yields and interest rates can significantly impact the stock market. Higher bond yields can make bonds more attractive compared to equities, leading to a potential shift from stocks to bonds. As SPY tracks the S&P 500, it could be negatively impacted by this shift.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75