Fed's Goolsbee Says Any Rate Cut Would Be 'Far Out In Future; 'How Long Fed Will Need To Hold Rates, Or When To Cut Them, Depends On Whether Fed Can Get Inflation Down Without A Recession
Portfolio Pulse from Happy Mohamed
Federal Reserve's Goolsbee stated that any potential rate cut would be far out in the future. The decision on when to cut rates will depend on whether the Fed can manage to bring down inflation without causing a recession.
August 04, 2023 | 9:58 am
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The Federal Reserve's potential rate cut could impact the SPY ETF. The timing of the cut will depend on the Fed's ability to control inflation without triggering a recession.
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's decisions on interest rates. A rate cut could potentially lower borrowing costs, which could boost stock prices. However, the timing and impact of such a cut are uncertain, as they depend on the Fed's ability to manage inflation without causing a recession.
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