Fed's Williams Says Rate Hikes 'Not My Base Case' But If Economic Outlook Changes Materially, Would Have To Rethink
Portfolio Pulse from Benzinga Newsdesk
In an Axios interview, Fed's Williams stated that further rate hikes are 'not my base case,' but he is open to rethinking this stance if the economic outlook changes materially.
February 23, 2024 | 5:20 pm
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NEUTRAL IMPACT
Fed's Williams' comments on potential rate hikes could influence investor sentiment and impact the SPY ETF, which tracks the S&P 500.
Williams' comments introduce uncertainty into the market, which can lead to volatility. However, his stance of not having rate hikes as the base case could be seen as positive for the markets, potentially stabilizing or boosting investor confidence in the short term. The SPY ETF, being a broad market indicator, is likely to reflect any shifts in investor sentiment resulting from these comments.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75