S&P 500 Forecast: Inflation Data Sparks Fed Rate Cut Hopes – What's Next?
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Recent inflation data has increased hopes for a Federal Reserve rate cut, positively impacting US stock sentiment. This has led to speculation on whether the S&P 500 and Nasdaq will continue their post-election rally.
November 13, 2024 | 3:00 pm
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The iShares S&P 500 ETF (IVV) may benefit from increased hopes of a Fed rate cut, as positive sentiment could drive the S&P 500 higher.
The IVV ETF, which tracks the S&P 500, is likely to benefit from the positive sentiment in the market due to increased hopes of a Fed rate cut. This could lead to a continuation of the rally in the S&P 500, positively impacting IVV's price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80