Fed's Waller Says Data In Last Few Months Is Allowing Fed To Consider Cutting Policy Rate In 2024; Changes In Policy Path Must Be 'Carefully Calibrated,' 'Not Rushed'; More Confident We Are Within Striking Distance Of Achieving Sustainable 2% Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Waller suggests that recent data may allow the Fed to consider a policy rate cut in 2024. He emphasizes that changes to the policy path should be 'carefully calibrated' and 'not rushed'. Waller expresses confidence that the Fed is close to achieving a sustainable 2% inflation rate.
January 16, 2024 | 4:05 pm
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POSITIVE IMPACT
Fed's Waller's comments on potential rate cuts and achieving inflation targets may lead to increased optimism in the market, potentially benefiting SPY as it reflects the broader market sentiment.
Waller's comments may be interpreted by investors as a sign of a more dovish future monetary policy, which tends to be favorable for stocks. As SPY tracks the S&P 500, positive market sentiment can lead to gains in the ETF's value.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70