Dallas Fed's Logan Says 'More Gradual Path' On Rate Cuts Likely Appropriate From Here; Upside Risks To Inflation Mean Fed Should Not Rush To Reduce Rates; Continue To See A Meaningful Risk Inflation Could Get Stuck Above Fed's 2% Goal; Lowering Policy Rate Gradually Would Allow Time To Judge How Restrictive Monetary Policy May Or May Not Be; Supported Fed's Decision To Begin Normalizing Policy By Cutting The Policy Rate
Portfolio Pulse from Benzinga Newsdesk
Dallas Fed's Logan suggests a gradual approach to rate cuts, citing risks of inflation remaining above the 2% target. This cautious stance implies that the Fed should not rush to reduce rates, allowing time to assess the impact of monetary policy.
October 09, 2024 | 1:19 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility as the Fed's gradual approach to rate cuts could impact market expectations. Investors should be cautious of potential inflation risks affecting the broader market.
The Fed's decision to take a gradual approach to rate cuts suggests a cautious stance on inflation, which could lead to market uncertainty. SPY, as a broad market ETF, may see mixed reactions as investors digest the implications of sustained inflation risks.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50