Fed's Kashkari says Think The Odds Of Fed Raising Rates Are Quite Low; Could Stay On Hold For An Indefinite Period Of Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari stated that the likelihood of the Fed raising interest rates is quite low and that rates could remain on hold for an indefinite period.
May 28, 2024 | 2:24 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Neel Kashkari's comments on the low likelihood of rate hikes and indefinite hold on rates could positively impact SPY, as stable interest rates are generally favorable for equities.
Stable interest rates are typically favorable for equities as they reduce borrowing costs and support economic growth, which can lead to higher stock prices. SPY, being an ETF that tracks the S&P 500, is likely to benefit from this environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80