Fed's Bowman Says Fed Not At Point Yet Where It Can Consider Rate Cut; If Inflation Moves Toward 2% Eventual Rate Cut On Table; Inflation Should Ease With Current Fed Policy Setting; Monetary Policy Is Currently Restrictive; Still Willing To Raise Rates Again If Inflation Doesn't Ease; Remains 'Cautious' In Weighing Future Fed Rate Changes
Portfolio Pulse from Benzinga Newsdesk
Fed's Bowman stated that the Federal Reserve is not yet at a point where it can consider a rate cut. If inflation moves toward 2%, an eventual rate cut could be on the table. Current Fed policy is restrictive, and Bowman is still willing to raise rates again if inflation doesn't ease. He remains cautious in weighing future Fed rate changes.
June 27, 2024 | 6:06 pm
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The Federal Reserve's stance on maintaining restrictive monetary policy and the potential for future rate hikes if inflation doesn't ease could impact SPY. Investors should be cautious as the Fed is not yet considering rate cuts.
The Fed's restrictive monetary policy and the possibility of future rate hikes if inflation doesn't ease could negatively impact SPY in the short term. Investors may react to the uncertainty and cautious stance of the Fed.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 80