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-0.00056114623470868 -0.00056114623470868 -0.000953948599004884 -0.000598555983689443 -0.00101006322247571 0.00177696307657784 0.00175825820208757 -0.00248026635741278
Stock impact report

Why the Fed keeping rates higher for longer may not be such a bad thing [MSNBC.com]

LPL Financial Holdings Inc. (LPLA) 
Last lpl financial holdings inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lpl.com
Company Research Source: MSNBC.com
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the "Federal Reserve's Semi-Annual Monetary Report," on Capitol Hill in Washington, DC, March 6, 2024.Mandel Ngan | Afp | Getty ImagesWith the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it's a tough case to sell that higher interest rates are having a substantially negative impact on the economy.So what if policymakers just decide to keep rates where they are for even longer, and go through all of 2024 without cutting?It's a question that, despite the current conditions, makes Wall Street shudder and Main Street queasy as well."When rates start climbing higher, there has to be an adjustment," said Quincy Krosby, chief global strategist at LPL Financial. "The calculus has changed. So the question is, are we going to have issues if rates remain higher for longer?"The higher-for-longer stance was not wh Show less Read more
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