Fed's Kashkari Says The Bar Is High For Another Rate Hike, But Can't Rule It Out
Portfolio Pulse from Benzinga Newsdesk
Fed's Kashkari has stated that while the bar for another rate hike is high, it cannot be completely ruled out, according to CNBC.
May 10, 2024 | 6:26 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The statement by Fed's Kashkari may lead to increased market volatility, potentially affecting SPY as it reflects the broader market sentiment.
Kashkari's comments introduce uncertainty into the market, which can lead to volatility. As SPY tracks a broad range of stocks, it's sensitive to changes in market sentiment driven by Fed policy outlooks. However, without a definitive direction on rate hikes, the immediate impact on SPY is likely to be neutral but with increased volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75