Collins of the Fed indicates that further increases by the Fed are possible, but the bank must be prudent in its decisions. In her view, the Fed is close to a place where it will be possible to keep rates unchanged, although it has yet to see much progress in services inlation without the real estate market.
Collins is not currently a Fed voter this year, while the slightly more dovish Harker is a voter. The most hawkish voting members are Kashkari, Waller, Bowman and Logan. Their votes need to be watched the hardest at the moment. Powell is currently rated as minimally hawkish.
For S&P 500 (US500), news of further tightening of Fed monetary policy is not positive. Especially since concerns around commercial real estate (CRE), regional banks are not extinguished, and several companies have recently (including Macy's) indicated that the consumer is weakening at a faster-than-expected pace.
Source: xStation5
Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off US–Iran Tensions
US Open: Wall Street rebounds as AI and semiconductors overshadow Iran concerns
Everything You Need to Know About the Upcoming Earnings Season⏰
Market Wrap: Capital Flows Back into Tech; ASML Rises 2.5%🚀