Fed's Mester Says Previously I Expected Three Rate Cuts This Year; I Do Not Think That's Still Appropriate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Mester has revised her expectations, stating that she no longer anticipates three rate cuts this year, which could impact market sentiment.
May 20, 2024 | 6:13 pm
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The SPDR S&P 500 ETF (SPY) may experience volatility as Federal Reserve's Mester no longer expects three rate cuts this year, which could affect market sentiment and investor expectations.
The change in expectations regarding rate cuts can lead to increased market uncertainty and potential downward pressure on the SPY ETF as investors adjust their strategies.
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