Fed's Collins Says Data Will Guide Pace Of Rate Cuts; Says Data On Inflation Are Consistent With More Confidence Inflation Getting Back To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Collins indicates that future rate cuts will be guided by data, with current inflation data suggesting increased confidence in returning to a 2% target.
August 22, 2024 | 12:54 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility as the Federal Reserve's approach to rate cuts will be data-driven, with current inflation data suggesting a positive outlook.
The SPY ETF, which tracks the S&P 500, could be impacted by the Federal Reserve's monetary policy decisions. Collins' statement suggests a cautious approach to rate cuts, which may lead to market volatility. However, the positive outlook on inflation could stabilize investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50