Fed's Kugler, Asked Why Not Cut At Next Meeting, Says There Are Risks On Both Sides Of Mandate; We Certainly Need To Be Convinced That We Are Not Going To Put In Danger All The Great Progress Made On Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Kugler stated that there are risks on both sides of the mandate when asked why not cut rates at the next meeting. He emphasized the need to be convinced that any action will not endanger the progress made on inflation.
June 18, 2024 | 5:54 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Fed's Kugler's comments suggest a cautious approach to rate cuts, which may lead to short-term uncertainty in the market. SPY, representing the S&P 500, could experience volatility as investors react to potential delays in rate cuts.
Kugler's comments indicate that the Fed is not in a hurry to cut rates, which could create uncertainty in the market. SPY, as a broad market ETF, is likely to be impacted by this sentiment, leading to potential short-term volatility.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50