Fed's Bostic Says Down The Road The Fed Can Consider Rate Cuts; As 2% Inflation Gets Closer, Fed Will Have To Weigh Interest Rate Level; Hopes Housing Market Won't Be Under Pressure For Years To Come
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic has indicated that the Fed may consider rate cuts in the future. As the 2% inflation target gets closer, the Fed will have to weigh the interest rate level. Bostic also expressed hope that the housing market won't be under pressure for years to come.
November 03, 2023 | 7:56 pm
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NEUTRAL IMPACT
Potential rate cuts by the Fed could lead to increased liquidity in the market, which could boost the SPY ETF. However, the nearing 2% inflation target could put pressure on the Fed to increase interest rates, which could negatively impact SPY.
The SPY ETF, which tracks the S&P 500, could be impacted by potential rate cuts by the Fed, as this could increase liquidity in the market and boost stock prices. However, the nearing 2% inflation target could put pressure on the Fed to increase interest rates, which could lead to a decrease in stock prices and negatively impact the SPY ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75