Fed's Barkin Says Doesn't Know If Fed Has Reached Peak Of Hike Cycle
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin has stated that he is unsure if the Federal Reserve has reached the peak of its hike cycle.
November 03, 2023 | 2:32 pm
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NEUTRAL IMPACT
The uncertainty about the peak of the Federal Reserve's hike cycle could potentially impact the SPY ETF.
The SPY ETF tracks the S&P 500, which is sensitive to changes in the Federal Reserve's monetary policy. If the peak of the hike cycle has not been reached, it could mean higher interest rates in the future, which could potentially impact the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50