Fed's Bostic Estimates Long-Run Policy Rate At 3%; Says Next Rate Decisions Depend On Upcoming Data, Ranging From No Cut To 50 Basis Points
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic estimates the long-run policy rate at 3% and states that future rate decisions will depend on upcoming data, with possibilities ranging from no rate cut to a 50 basis point cut.
August 23, 2024 | 1:20 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Federal Reserve's potential rate decisions, ranging from no cut to a 50 basis point cut, could impact SPY as it reflects the broader market's response to interest rate changes.
SPY, as an ETF that tracks the S&P 500, is sensitive to interest rate changes. The Fed's decision could influence market sentiment and economic outlook, affecting SPY's performance. However, the exact impact is uncertain until the decision is made.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70