Fed's Waller Says We've Done Our Job With The High Rates, Open Question About Timing Of Cut
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher Waller stated that the Fed has achieved its goal with high interest rates, but the timing of rate cuts remains uncertain.
July 17, 2024 | 2:09 pm
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The Federal Reserve's stance on maintaining high interest rates while being uncertain about the timing of rate cuts could lead to short-term volatility in the SPY ETF.
The SPY ETF, which tracks the S&P 500, is sensitive to Federal Reserve policies. While the Fed's acknowledgment of achieving its goals with high rates is positive, the uncertainty about rate cuts could lead to market volatility.
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