Fed's Goolsbee Earlier Said Fed Will Need To Monitor Risks Of Overshooting On Rates; Said Too Soon To Say Whether Or When The Central Bank Would Turn Its Focus To Lowering Rates
Portfolio Pulse from Charles Gross
Austan Goolsbee, a member of the Federal Reserve, has stated that the Fed will need to monitor the risks of overshooting on rates. He also mentioned that it is too soon to say whether or when the central bank would shift its focus to lowering rates.
November 09, 2023 | 11:40 am
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NEUTRAL IMPACT
The Federal Reserve's potential rate adjustments could impact the SPY ETF, as changes in interest rates can influence the overall market.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. If the Federal Reserve increases rates, it could lead to a decrease in the value of the ETF. Conversely, if rates are lowered, it could boost the ETF's value. However, as it is still uncertain whether the Fed will adjust rates, the impact is neutral for now.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75