Fed's Mester Says Fed Is At Or Near Peak Of Rate Hike Cycle; Reiterates Outlook Aligns With Fed Forecasts Eyeing One More Increase; Fed Rate Decisions Will Be Driven By Incoming Economic Data
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester stated that the Fed is at or near the peak of its rate hike cycle. She reiterated that the outlook aligns with Fed forecasts, which anticipate one more increase. Future Fed rate decisions will be driven by incoming economic data.
October 20, 2023 | 4:19 pm
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NEUTRAL IMPACT
The Federal Reserve's rate hike cycle nearing its peak could impact the SPY ETF. The anticipation of one more increase could cause market volatility.
The Federal Reserve's decisions on interest rates directly impact the stock market. As SPY is a broad market ETF, it is likely to be affected by these decisions. The anticipation of one more rate hike could cause market volatility, impacting the ETF's performance.
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IMPORTANCE 80
RELEVANCE 75