Fed's Kugler Says We Have Started To Recalibrate Rates; We Need To Continue Normalizing Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Kugler announced that the process of recalibrating interest rates has begun and emphasized the need to continue normalizing rates. This statement suggests a potential impact on financial markets, particularly on interest rate-sensitive assets.
September 25, 2024 | 8:40 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The statement by Fed's Kugler about recalibrating and normalizing interest rates could lead to volatility in SPY, as it is sensitive to interest rate changes.
SPY, as an ETF that tracks the S&P 500, is sensitive to interest rate changes. The Fed's indication of continued rate normalization could lead to market volatility, affecting SPY's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50