Fed's Goolsbee Says But Let's Not Lose Sight Of The Longer Trend; A Large Majority Of Fed Policymakers Feel Rates Are Going To Come Down A Lot Over Next Year-18 Months; Says You Got To Be Careful Keeping Rates As Restrictive As They Are
Portfolio Pulse from Benzinga Newsdesk
In a Bloomberg TV interview, Fed's Goolsbee highlighted that most Fed policymakers anticipate a significant reduction in interest rates over the next 12 to 18 months. He cautioned against maintaining overly restrictive rates.
October 04, 2024 | 2:08 pm
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Fed's Goolsbee indicates that interest rates are expected to decrease significantly in the next 12-18 months, which could positively impact SPY as lower rates often boost stock market performance.
Lower interest rates generally lead to higher stock market valuations as borrowing costs decrease and economic activity is stimulated. SPY, being an ETF that tracks the S&P 500, could benefit from this anticipated rate cut.
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