Fed's Bowman Says Remain Willing To Raise Policy Rate At A Future Fed Meeting, Should Inflation Progress Stall Or Reverse; Climate Guidance From Banking Regulators Diverts Resources From Core Financial Risks
Portfolio Pulse from Benzinga Newsdesk
Fed Governor Michelle Bowman stated the Fed's willingness to raise policy rates if inflation progress stalls or reverses. She also criticized climate guidance from banking regulators, arguing it diverts resources from core financial risks.
January 08, 2024 | 9:34 pm
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Bowman's comments suggest a hawkish stance on interest rates, which could lead to market volatility and potentially impact SPY, an ETF tracking the S&P 500.
Bowman's remarks indicate the Fed's readiness to raise interest rates, which typically leads to increased borrowing costs and can dampen economic growth. This could result in a negative market reaction, affecting broad market ETFs like SPY.
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