Fed's Harker Says Politics Not A Factor In Considering September Rate Cut
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Harker stated that political considerations are not influencing the decision on a potential rate cut in September. This statement aims to reassure investors about the Fed's independence in monetary policy decisions.
August 22, 2024 | 2:20 pm
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Fed's Harker reassures that political factors are not influencing the decision on a potential September rate cut, which could impact SPY as it reflects broader market sentiment.
The statement by Fed's Harker is neutral regarding SPY as it reassures investors about the Fed's independence, which is already a known stance. This may stabilize market sentiment but is unlikely to cause significant short-term price movement.
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