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Benzinga
Benzinga
Business
Melanie Schaffer

What To Watch For On The SPY Before And After Fed's Interest Rates Decision

US Federal Reserve ETF United States

The SPDR S&P 500 ETF Trust (NYSE:SPY) opened lower on Wednesday ahead of the Federal Reserve’s monthly meeting, where the central bank is expected to implement a fourth consecutive 0.75% interest rate hike.

Consumer price index (CPI) data for September came in at 8.2%, exceeding economist estimates of 8.1%. The number indicates the Fed’s previous attempts to lower inflation haven’t been successful.

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