Fed's Kugler Says Likely Appropriate To Begin Easing Policy 'Sometime Later This Year' If Economy Evolves As Expected; Monetary Policy 'Sufficiently Restrictive,' Economic Conditions Moving 'In The Right Direction'; Policy Has More Work To Do, Judgment Will Be Guided By Data
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler suggests that it may be appropriate to begin easing monetary policy later this year if the economy continues to evolve as expected. He believes that current monetary policy is sufficiently restrictive and that economic conditions are moving in the right direction. However, he notes that policy still has more work to do and decisions will be guided by data.
June 18, 2024 | 5:01 pm
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Fed's Kugler indicates potential easing of monetary policy later this year, which could positively impact SPY as it reflects broader market sentiment.
Easing monetary policy generally leads to lower interest rates, which can boost stock prices. SPY, being an ETF that tracks the S&P 500, is likely to benefit from a more accommodative monetary policy as it reflects broader market sentiment.
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