Fed's Daly Says Talk Of Gradual Rate Cuts Means Less Than It Appears; If Forecast Met Sees One Or Two More Rate Cuts This Year
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly suggests that discussions about gradual rate cuts may not be as significant as they seem. If economic forecasts are met, there could be one or two more rate cuts this year.
October 15, 2024 | 4:20 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could be influenced by Fed's Daly comments on potential rate cuts, as interest rate changes can impact stock market performance.
Interest rate cuts generally lead to lower borrowing costs, potentially boosting economic activity and stock market performance. SPY, as an ETF tracking the S&P 500, could benefit from such a scenario.
CONFIDENCE 80
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RELEVANCE 50