Fed's Waller Says Monetary Policy Is Tight Enough; Data Does Not Indicate Need To Raise Rates; Could Consider Rate Cut At End Of Year If Data Warrants
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher Waller stated in a CNBC interview that the current monetary policy is sufficiently tight and there is no immediate need to raise interest rates. He also mentioned that a rate cut could be considered at the end of the year if economic data supports it.
May 21, 2024 | 5:07 pm
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POSITIVE IMPACT
Federal Reserve Governor Christopher Waller's comments suggest that the current monetary policy is tight enough, and there is no immediate need to raise interest rates. This could be positive for the SPY ETF as it indicates a stable interest rate environment, with a potential rate cut at the end of the year if economic data supports it.
Waller's comments suggest a stable interest rate environment, which is generally positive for equities. The potential for a rate cut at the end of the year could further boost investor sentiment towards SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80