Fed's Collins Says Can Envision Scenarios For Both One And Two Cuts In '24; Risks Two Sided, Inflation And Labor Goals Top Of Mind
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Susan Collins stated that she can envision scenarios for both one and two interest rate cuts in 2024. She emphasized that risks are two-sided and that inflation and labor market goals are top priorities.
June 18, 2024 | 8:50 pm
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The Federal Reserve's potential interest rate cuts in 2024 could impact the SPY ETF, which tracks the S&P 500. Lower interest rates generally boost stock prices by reducing borrowing costs and encouraging investment.
The SPY ETF, which tracks the S&P 500, is likely to benefit from potential interest rate cuts as lower rates reduce borrowing costs and encourage investment, generally leading to higher stock prices.
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