DoubleLine Capital's Jeffrey Gundlach Says Fed Has Room To Cut Short-Term Interest Rates; Says Fed Should Have Cut Today
Portfolio Pulse from Benzinga Newsdesk
Jeffrey Gundlach of DoubleLine Capital suggests that the Federal Reserve has room to cut short-term interest rates and believes they should have made a cut today.
July 31, 2024 | 7:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Jeffrey Gundlach's comments on the Federal Reserve's potential to cut short-term interest rates could positively impact SPY, as lower 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, would likely benefit from such a scenario.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80