Fed's Barkin Says Fed Has More Data To See Before Next Rate Decision; Is Focused On Seeing Inflation Come Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that the Fed needs more data before making the next rate decision. The focus is on seeing inflation come down.
November 03, 2023 | 2:22 pm
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The Federal Reserve's upcoming rate decision could impact the SPY ETF, as it tracks the S&P 500, which is sensitive to interest rate changes.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. The Federal Reserve's upcoming decision on rates, therefore, could have an impact on the ETF. However, the direction of the impact is uncertain until the decision is made.
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IMPORTANCE 80
RELEVANCE 75