Mester Says Good Case For Doing A Series Of 25 BP Fed Rate Cuts
Portfolio Pulse from Benzinga Newsdesk
Cleveland Federal Reserve President Loretta Mester suggested in a CNBC interview that there is a strong case for a series of 25 basis point rate cuts by the Fed. This indicates a potential shift in monetary policy aimed at stimulating economic growth.
September 18, 2024 | 3:10 pm
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POSITIVE IMPACT
The potential series of 25 basis point rate cuts suggested by Fed's Mester could positively impact SPY, as lower interest rates generally boost stock market performance.
Lower interest rates typically lead to higher stock prices as borrowing costs decrease and economic activity is stimulated. SPY, being an ETF that tracks the S&P 500, is likely to benefit from such a monetary policy shift.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80