Fed's Logan Says Strong Evidence Suggests Neutral Rate Is Higher Now Than Pre-Pandemic; Implies Rates May Not Return To Pre-Pandemic Levels
Portfolio Pulse from Benzinga Newsdesk
Fed's Logan indicates that strong evidence suggests the neutral rate is higher now than pre-pandemic, implying that interest rates may not return to pre-pandemic levels.
May 30, 2024 | 9:05 pm
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NEGATIVE IMPACT
Fed's Logan's statement about higher neutral rates suggests that interest rates may remain elevated, which could impact the broader market and SPY.
Higher neutral rates imply that interest rates may not return to pre-pandemic levels, which could lead to tighter financial conditions and potentially weigh on the broader market, affecting SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80