Minneapolis Fed President Kashkari, Speaking On CBS' 'Face The Nation', Said Reasonable That Rate Cut Could Come In December
Portfolio Pulse from Benzinga Newsdesk
Minneapolis Fed President Kashkari mentioned on CBS' 'Face The Nation' that a rate cut could be reasonable in December.
June 16, 2024 | 3:23 pm
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POSITIVE IMPACT
The potential rate cut in December, as suggested by Minneapolis Fed President Kashkari, could positively impact SPY by making borrowing cheaper and boosting economic activity.
A rate cut generally leads to lower borrowing costs, which can stimulate economic activity and positively impact broad market indices like SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Kashkari's suggestion of a potential rate cut in December could benefit XHB, as lower interest rates typically boost the housing market.
Lower interest rates can lead to cheaper mortgages, which generally boosts the housing market and positively impacts housing-related ETFs like XHB.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70