Doubleline Capital's Gundlach Says This Meeting Will Be Remembered For Fed Reducing Forecast To One Cut From Three
Portfolio Pulse from Benzinga Newsdesk
Doubleline Capital's Jeffrey Gundlach stated in a CNBC interview that the recent Federal Reserve meeting will be remembered for reducing its forecast from three rate cuts to just one. This change in forecast could have significant implications for the stock market.
June 12, 2024 | 7:39 pm
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NEUTRAL IMPACT
The Federal Reserve's reduction in its forecast from three rate cuts to one could lead to increased market volatility. SPY, as an ETF that tracks the S&P 500, may experience fluctuations as investors react to this news.
The SPY ETF, which tracks the S&P 500, is likely to be impacted by changes in Federal Reserve policy. The reduction in the forecasted rate cuts could lead to uncertainty and volatility in the market, affecting SPY's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100