Fed's Waller Says "I Just Don't See Rate Hikes Happening"
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher Waller stated that he does not foresee any rate hikes happening in the near future. This statement could influence market sentiment and investor behavior.
May 21, 2024 | 1:53 pm
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Federal Reserve Governor Christopher Waller's statement about not seeing any rate hikes happening in the near future could positively impact SPY, as lower interest rates generally support higher stock prices.
The statement from a Federal Reserve official about the unlikelihood of rate hikes can lead to a positive market sentiment. Lower interest rates typically make equities more attractive, which could result in a short-term price increase for SPY.
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