Fed Governor Michelle Bowman Reiterates Cautious Approach To Rate Cuts, Emphasizes Need To Balance Inflation Concerns With Labor Market Stability; Will Monitor Incoming Data Ahead Of November FOMC Meeting
Portfolio Pulse from Benzinga Newsdesk
Fed Governor Michelle Bowman emphasized a cautious approach to rate cuts, balancing inflation concerns with labor market stability. She will monitor incoming data ahead of the November FOMC meeting.
September 24, 2024 | 1:08 pm
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NEUTRAL IMPACT
The cautious approach to rate cuts by Fed Governor Michelle Bowman may impact SPY, as it reflects potential stability in interest rates, affecting market sentiment.
SPY, as an ETF tracking the S&P 500, is sensitive to interest rate changes. A cautious approach to rate cuts suggests stability, which may lead to neutral short-term impact as investors await further data.
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