IMF's Georgieva Says Potential For One Fed Rate Cut In 2024, Further Cuts In 2025
Portfolio Pulse from Benzinga Newsdesk
IMF's Georgieva suggests the potential for one Federal Reserve rate cut in 2024, with further cuts possible in 2025. This could impact market sentiment and investor expectations.
June 27, 2024 | 7:34 pm
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The IMF's Georgieva indicates a potential for one Federal Reserve rate cut in 2024, with further cuts in 2025. This could positively impact SPY as lower interest rates generally boost stock prices.
Lower interest rates typically lead to higher stock prices as borrowing costs decrease and economic activity potentially increases. SPY, being an ETF that tracks the S&P 500, is likely to benefit from this environment.
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