"Fresh Tariffs Could See Interest Rates Stay Higher For Even Longer, IMF Warns; The Fund Left Its Forecast For World Economic Growth This Year Unchanged At 3.2%, And Raised Its Forecast For Next Year To 3.3% From 3.2%" - WSJ
Portfolio Pulse from Benzinga Newsdesk
The International Monetary Fund (IMF) warns that fresh tariffs could lead to prolonged high interest rates, potentially reviving inflation. The IMF left its forecast for world economic growth this year unchanged at 3.2% and raised its forecast for next year to 3.3%.
July 16, 2024 | 2:35 pm
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The IMF's warning about prolonged high interest rates due to fresh tariffs could negatively impact the SPDR S&P 500 ETF (SPY) as higher borrowing costs may slow down economic growth and corporate earnings.
Higher interest rates can lead to increased borrowing costs for companies, potentially slowing down economic growth and reducing corporate earnings. This could negatively impact the SPDR S&P 500 ETF (SPY), which tracks the performance of the S&P 500 index.
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