Reuters Poll Finds Federal Reserve To Cut Fed Funds Rate By 25 Basis Points In Both November And December To 4.25%-4.50%, Say 103 Of 111 Economists; Federal Reserve To Cut Fed Funds Rate To 3.00%-3.25% Or Higher By End Of 2025, Say 74 Of 96 Economists
Portfolio Pulse from Benzinga Newsdesk
A Reuters poll indicates that the Federal Reserve is expected to cut the Fed Funds Rate by 25 basis points in both November and December, bringing it to 4.25%-4.50%. By the end of 2025, the rate is projected to be between 3.00%-3.25% or higher.
October 29, 2024 | 3:48 pm
News sentiment analysis
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POSITIVE IMPACT
The expected rate cuts by the Federal Reserve could positively impact SPY, as lower interest rates generally boost stock market performance.
Lower interest rates typically lead to increased borrowing and spending, which can boost economic activity and stock market performance. SPY, being an ETF that tracks the S&P 500, is likely to benefit from such a macroeconomic environment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80