Traders Of Short-Term U.S. Interest Rates Add To Bets The Fed Will Start Cutting Rates By June 2024
Portfolio Pulse from Benzinga Newsdesk
Traders of short-term U.S. interest rates have increased their bets that the Federal Reserve will start cutting rates by June 2024. This could potentially impact the performance of the SPY ETF, which tracks the S&P 500 index.
November 01, 2023 | 6:04 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, could be impacted by traders' increased bets on the Federal Reserve cutting rates by June 2024.
The SPY ETF tracks the S&P 500, which is sensitive to changes in the Federal Reserve's interest rates. If traders are correct in their bets that the Fed will cut rates by June 2024, this could lead to increased market volatility and potentially impact the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75