Fed's Waller Says Exact Timing Of Rate Cut Doesn't Matter A Lot; Key To Easing Is When Conditions Justify It
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher Waller stated that the exact timing of a rate cut is not crucial. The key factor for easing monetary policy will be when economic conditions justify it.
July 17, 2024 | 2:04 pm
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NEUTRAL IMPACT
The statement by Fed's Waller suggests that the timing of rate cuts will depend on economic conditions rather than a fixed schedule. This could lead to market uncertainty in the short term.
Waller's comments indicate that the Federal Reserve will be data-dependent in its approach to rate cuts. This could create uncertainty in the market as investors may find it challenging to predict the timing of policy changes, impacting SPY.
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