10 ETFs Investors Secretly Bought Before The Fed's Make-Or-Break Interest Rate Call

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The central bank has maintained the federal funds rate at 5.25%-5.5% since September 2023 and this week’s rate reduction would be the first since March 2020, signaling a marked shift from the restrictive monetary policy stance implemented to combat soaring inflation.

Among Wall Street analysts, instead, there is an overwhelming consensus on a more conservative 25-basis-point reduction, but JPMorgan Chase & Co.stands out as the notable exception, forecasting a 50-basis-point cut.

The Federal Reserve is widely anticipated to cut interest rates at its upcoming Federal Open Market Committee meeting, with the decision set for release on Wednesday at 2 p.m.ET.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: US4642888774 US74347R2067 EFV US78462F1030 Sector ETFs Benzinga Bonds FOMC QLD SMH GLD US8166362033 Tech SPY Macro Economic Events US78463V1070 Expert Ideas VOO VCIT IWM Econ #s SPLG Stories That Matter Broad U.S. Equity ETFs US9229084135 US4642876555 Economics TQQQ Interest Rates Top Stories US92206C8709 Federal Reserve SPYV ETFs

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 19:39:57 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 637 words

Reading Time: 4 minutes read

Sentences: 25 lines

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News ID: 22570526

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