Fed's Kashkari: In December Had Expected Two Rate Cuts In 2024, Hard To See That I Would Now Expect More Rate Cuts, Decision On Rate Cuts Will Depend On Inflation Data
Portfolio Pulse from Benzinga Newsdesk
Fed's Kashkari, in December, anticipated two rate cuts in 2024 but now finds it hard to expect more cuts, stating future decisions will rely on inflation data.
March 06, 2024 | 9:27 pm
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NEUTRAL IMPACT
Kashkari's comments on rate cuts and inflation data may influence investor sentiment, potentially impacting SPY as it reflects broader market trends.
Kashkari's remarks indicate a cautious approach to rate cuts, dependent on inflation data. This uncertainty can lead to market volatility, affecting assets like SPY that mirror the overall market. However, without specific inflation trends or rate cut decisions, the immediate impact remains speculative.
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