Fed's Goolsbee Says There Will Be A Lot Of Rate Cuts
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee suggests that there will be numerous rate cuts in the future. This statement could influence market expectations and investor sentiment regarding interest rates.
September 30, 2024 | 4:53 pm
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The statement by Fed's Goolsbee about potential rate cuts could positively impact SPY, as lower interest rates generally boost stock market performance.
SPY, an ETF that tracks the S&P 500, is likely to benefit from the prospect of rate cuts as lower interest rates can lead to increased investment in equities. This could result in a positive short-term impact on SPY's price.
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