Fed's Powell Says The Question Of When It Will Be Appropriate To Cut Rates Is Coming Into View; Today At Fed Meeting Many People Mentioned Their Rate Forecasts; There Was A General Expectation That Rate Cuts Will Be A Topic Of Conversation Going Forward
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell indicated that discussions about when to cut interest rates are becoming more prominent. During the recent Fed meeting, many participants shared their rate forecasts, suggesting that rate cuts are expected to be a key topic in future conversations.
December 13, 2023 | 7:44 pm
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Jerome Powell's comments on potential future rate cuts could lead to increased optimism in the markets, potentially benefiting SPY as it tracks the broader market performance.
The anticipation of interest rate cuts generally leads to positive market sentiment as borrowing costs may decrease, potentially stimulating economic growth. This can lead to a rise in stock prices across the board, which is reflected in broad market indices and ETFs like SPY.
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