Traders Of Short-Term U.S. Interest-Rate Futures See Chance Of Further Fed Rate Hike This Year Falling To Less Than 20%
Portfolio Pulse from Benzinga Newsdesk
Traders of short-term U.S. interest-rate futures see the chance of a further Federal Reserve rate hike this year falling to less than 20%. This could impact the performance of the SPY ETF.
November 01, 2023 | 6:03 pm
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NEGATIVE IMPACT
The SPY ETF could be impacted by the predicted decrease in the likelihood of a further Federal Reserve rate hike this year.
The SPY ETF tracks the S&P 500, which is sensitive to changes in the Federal Reserve's interest rates. A decrease in the likelihood of a rate hike could lead to a decrease in the value of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80