NY Fed President Williams Said That Inflation Was Coming Down As Hoped, Expected Unemployment To Rise Slightly As The Economy Cooled; Williams Did Not Rule Out The Possibility Of Lowering Rates In Early 2024, Depending On Economic Data
Portfolio Pulse from Charles Gross
NY Fed President Williams stated that inflation is decreasing as expected and unemployment may rise slightly as the economy cools. He did not dismiss the possibility of lowering rates in early 2024, depending on economic data.
August 07, 2023 | 9:17 am
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The potential for lower rates in 2024 could impact the SPY ETF, which tracks the S&P 500. Lower rates generally boost stock prices.
Lower interest rates typically lead to higher stock prices as borrowing costs decrease, potentially leading to increased corporate profits. This could positively impact the SPY ETF, which tracks the S&P 500.
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