Goldman Sachs President And COO John Waldron Says Think Fed Is Done With Rate Hikes And Wont Raise From Here
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs President and COO John Waldron expressed his belief in a CNBC interview that the Federal Reserve is finished with rate hikes and will not increase rates further.

December 12, 2023 | 8:29 pm
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POSITIVE IMPACT
John Waldron, President and COO of Goldman Sachs, believes the Fed will halt rate hikes, potentially impacting the financial sector and Goldman Sachs' operations.
Waldron's statement could lead to increased investor confidence in financial stocks like Goldman Sachs, as stable interest rates may benefit the sector by reducing uncertainty and potentially improving borrowing conditions.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The halt in rate hikes as suggested by Goldman Sachs' John Waldron could influence the broader market, affecting ETFs like SPY that track the S&P 500.
If the Federal Reserve stops raising rates, it could lead to a positive market reaction, benefiting broad market ETFs like SPY as investor sentiment improves and borrowing costs stabilize.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 60