Fed Chair Powell Says 'Premature to Conclude With Confidence' That Increases Are Over; Fed's Powell Signals Officials Are Likely Done Raising Rates
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Jerome Powell indicated that it is 'premature to conclude with confidence' that the Federal Reserve is done raising interest rates. His comments suggest that the Fed is still open to the possibility of further rate hikes, depending on economic data.
December 01, 2023 | 4:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fed Chair Powell's comments on the potential for further interest rate hikes may lead to increased volatility and potential downward pressure on the SPY ETF, which tracks the S&P 500.
Jerome Powell's statement that it's too early to be certain that the Fed is done raising rates could introduce uncertainty in the market. This uncertainty often leads to volatility, which can negatively affect the broad market indices that SPY represents. Investors may react to the potential of further rate hikes by reassessing the risk environment, which could lead to a short-term decline in stock prices.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80