Fed's Waller Says Asked About 50 Bps Rate Cut, Says Was The Right Number; We Are At Point That Economy Is Strong, We Want To Keep It That Way; 50 Bps Right Policy Action To Do That
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller supports a 50 basis points rate cut, stating it's the right move to maintain the strong economy.
September 20, 2024 | 3:33 pm
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POSITIVE IMPACT
The Federal Reserve's consideration of a 50 basis points rate cut could positively impact SPY, as lower interest rates generally boost stock markets.
A rate cut by the Federal Reserve typically leads to lower borrowing costs, encouraging investment and spending, which can drive stock prices up. SPY, being an ETF that tracks the S&P 500, is likely to benefit from such a macroeconomic policy change.
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IMPORTANCE 70
RELEVANCE 80