Fed Chair Powell Says The Time Will Come At Some Point That It's Appropriate To Cut
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell has indicated that there will be a time when it's appropriate to cut interest rates, according to Reuters. No specific timeline or conditions were mentioned.
September 20, 2023 | 6:57 pm
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POSITIVE IMPACT
The hint at a potential rate cut by Fed Chair Powell could impact the SPY ETF. Lower interest rates generally lead to higher stock prices.
The SPY ETF tracks the S&P 500, which is sensitive to interest rate changes. A potential rate cut, as hinted by Fed Chair Powell, could lower borrowing costs, stimulate economic activity, and boost stock prices, positively impacting the SPY ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75