Fed Governor Waller Says If Inflation Consistently Declines "No Reason" To Insist Rates Remain "Really High"
Portfolio Pulse from Benzinga Newsdesk
Fed Governor Christopher Waller stated that if inflation shows a consistent decline, there is 'no reason' to keep interest rates 'really high'. This comment suggests a potential easing of the aggressive interest rate hikes that the Federal Reserve has been implementing to combat high inflation.
November 28, 2023 | 3:42 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Waller's comments may lead to increased optimism in the markets, potentially benefiting the SPDR S&P 500 ETF Trust (SPY) as investors anticipate a less aggressive rate hike approach.
The SPDR S&P 500 ETF Trust (SPY) often reacts to changes in monetary policy expectations. Waller's comments could be interpreted as dovish, which might lead to a short-term positive impact on the ETF as it tracks the performance of the S&P 500, which tends to rise on expectations of lower interest rates.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80