Fed's Bostic Says My Baseline Outlook Is For No Rate Cuts Until Second Half Of 2024 At Earliest
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of Atlanta President Raphael Bostic stated that his baseline outlook does not foresee any rate cuts until the second half of 2024 at the earliest.
August 04, 2023 | 10:21 am
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NEUTRAL IMPACT
The statement by Fed's Bostic about no rate cuts until H2 2024 may impact the SPY ETF, as it tracks the S&P 500, which is sensitive to interest rate changes.
The SPY ETF tracks the S&P 500, which is sensitive to interest rate changes. The statement by Fed's Bostic about no rate cuts until the second half of 2024 may cause some uncertainty among investors, potentially leading to volatility in the ETF's price. However, the exact impact is hard to predict as it depends on various other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50