Fed's Powell Says We Have Come Very Far With This Rate-Hike Cycle; We Are Close To End Of The Cycle; Policy Is Restrictive And We See Its Effects; We Are Not Considering Changing Pace Of Balance Sheet Runoff
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the current rate-hike cycle is nearing its end, indicating that the policy is restrictive and its effects are visible. He also mentioned that there are no plans to change the pace of balance sheet runoff.
November 01, 2023 | 7:02 pm
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NEUTRAL IMPACT
The end of the rate-hike cycle and the continuation of the balance sheet runoff could impact the SPY ETF, as it tracks the performance of 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. The end of the rate-hike cycle could stabilize or potentially increase the value of the ETF, while the continuation of the balance sheet runoff could put downward pressure on it. However, the overall impact is uncertain, hence the neutral score.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75