Fed's Waller Says We Do Have Room To Move And That Is What We Are Signaling Through 2025; We See A Lot Of Room To Move Down In Next 6-12 Months; I Would Support Big Rate Cuts If Needed; If Data Comes In Soft On Inflation, Fine With Moving In 50s To Get To Where We Want To Go; We Are Cutting Rates Even Though Economy Is Fine
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Waller indicates potential for significant interest rate cuts through 2025, with room to move down in the next 6-12 months. He supports big rate cuts if necessary, especially if inflation data is soft, despite the economy being fine.
September 20, 2024 | 3:39 pm
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POSITIVE IMPACT
The Federal Reserve's indication of potential rate cuts could positively impact SPY, as lower interest rates generally boost stock prices. Waller's comments suggest a supportive monetary policy environment.
Waller's comments on potential rate cuts suggest a more accommodative monetary policy, which typically supports stock market growth. SPY, as an ETF tracking the S&P 500, is likely to benefit from such a policy environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80