IMF's Georgieva Says U.S. Fed Should Lower Policy Rates Only After Clear Evidence Of Inflation Returning To 2% Target; IMF's U.S. Inflation Forecast Slightly More Optimistic Than Fed's; Notes U.S. Consumer Spending Boost From COVID-Era Wealth May Be Subsiding, Easing Inflation Pressure
Portfolio Pulse from Benzinga Newsdesk
IMF's Georgieva advises the U.S. Federal Reserve to lower policy rates only after clear evidence of inflation returning to the 2% target. The IMF's U.S. inflation forecast is slightly more optimistic than the Fed's. Additionally, U.S. consumer spending boost from COVID-era wealth may be subsiding, easing inflation pressure.
June 27, 2024 | 7:21 pm
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POSITIVE IMPACT
The IMF's more optimistic inflation forecast and advice to the Fed to lower rates only after clear evidence of 2% inflation could impact SPY. Easing inflation pressure from subsiding consumer spending may also influence market sentiment.
The IMF's optimistic inflation forecast and advice to the Fed to lower rates only after clear evidence of 2% inflation could lead to positive market sentiment. Additionally, easing inflation pressure from subsiding consumer spending may further support this outlook.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80