Fed's Bowman Says As Inflation Declines, We Will Then Need To Lower Rates, Need To See How Subcategories Of Inflation Evolve
Portfolio Pulse from Benzinga Newsdesk
Fed's Bowman indicated that as inflation declines, the Federal Reserve will need to lower interest rates. The focus will be on how subcategories of inflation evolve.
June 25, 2024 | 12:03 pm
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Fed's Bowman indicated that as inflation declines, the Federal Reserve will need to lower interest rates. This could positively impact SPY as lower rates generally boost stock prices.
Lower interest rates typically lead to higher stock prices as borrowing costs decrease and economic activity is stimulated. SPY, being an ETF that tracks the S&P 500, is likely to benefit from such a macroeconomic environment.
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