Fed's Waller Says We Need To See How Inflation Progresses In 6-12 Months, Then See About Cutting Rates; No One Expects Any Kind Of Rate Cut Soon
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Christopher Waller stated that the Fed needs to observe inflation progression over the next 6-12 months before considering rate cuts. He also mentioned that no one expects any immediate rate cuts.
October 18, 2023 | 4:30 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on rate cuts could impact the SPY ETF. As the Fed is not expected to cut rates soon, this could potentially lead to a neutral or positive short-term impact on SPY.
The Federal Reserve's decisions on interest rates can significantly impact the stock market, and by extension, ETFs like SPY. If the Fed decides to cut rates, it could potentially lead to a rise in stock prices, benefiting SPY. However, as no immediate rate cuts are expected, the short-term impact on SPY is likely to be neutral or positive, assuming that the current economic conditions persist.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50