Fed's Powell Says It Is Still Likely In Most People's View That We Will Have Rate Cuts This Year, But Depends On Data
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell indicated that rate cuts are still anticipated by most this year, contingent on economic data.
March 20, 2024 | 6:50 pm
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POSITIVE IMPACT
Powell's statement on potential rate cuts could lead to increased optimism in the market, potentially boosting SPY.
Powell's comments on the likelihood of rate cuts, depending on economic data, could lead to increased market optimism. As SPY is a broad market ETF, positive sentiment regarding monetary policy often results in upward movement in its price. However, the actual impact will heavily depend on forthcoming economic data and further Fed communications.
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IMPORTANCE 75
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