Former Fed President Bullard Says Fed Should Cut 25 Basis Points Today
Portfolio Pulse from Benzinga Newsdesk
Former Federal Reserve President Bullard suggests that the Fed should cut interest rates by 25 basis points immediately. This recommendation could influence market expectations and impact interest rate-sensitive assets.
September 18, 2024 | 2:14 pm
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NEUTRAL IMPACT
The suggestion by former Fed President Bullard to cut interest rates by 25 basis points could lead to increased volatility in SPY, as it may alter market expectations regarding future monetary policy.
SPY, as an ETF tracking the S&P 500, is sensitive to changes in interest rate expectations. Bullard's suggestion could lead to speculation about future Fed actions, affecting SPY's short-term price movements.
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