Fed's Waller Says Timing Of Rate Cuts Will Depend On Data; Same Applies For Other Central Banks Worldwide
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher Waller stated that the timing of interest rate cuts will depend on economic data. This approach is also being adopted by other central banks globally.
May 21, 2024 | 1:45 pm
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The Federal Reserve's data-dependent approach to interest rate cuts, as stated by Governor Waller, could lead to market volatility. SPY, representing the S&P 500, may experience fluctuations based on economic data releases.
The SPY ETF, which tracks the S&P 500, is likely to be influenced by the Federal Reserve's stance on interest rates. As economic data releases will dictate the timing of rate cuts, SPY may see increased volatility in the short term.
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