Fed Projections Imply 25 BPs Of Rate Cuts In 2024 From Current Level, Another 100 BPs In 2025
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve's latest projections indicate a potential 25 basis points (BPs) rate cut in 2024 from the current level, followed by an additional 100 BPs cut in 2025.
June 12, 2024 | 6:03 pm
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The Federal Reserve's projections for rate cuts in 2024 and 2025 could positively impact SPY, as lower interest rates generally boost stock prices.
Lower interest rates typically reduce borrowing costs and can stimulate economic growth, which often leads to higher stock prices. As SPY tracks the S&P 500, it is likely to benefit from this environment.
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