Fed's Kashkari Says Penciled In 50 Basis Points More Cuts In 2024
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has indicated that he expects an additional 50 basis points cut in interest rates in 2024. This statement could influence market expectations and investor sentiment regarding future monetary policy.
September 23, 2024 | 12:22 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility as investors react to Fed's Kashkari's comments on potential rate cuts in 2024, which could influence market expectations.
Kashkari's comments on future rate cuts can affect investor sentiment and market expectations, potentially leading to short-term volatility in SPY. However, the impact is not immediate, hence a neutral score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50