Fed's Goolsbee Says Over Next Couple Months Will Get A Sense If Goods Inflation Is Coming Down; By The Fall, Housing Inflation Should Begin Falling; We Should Be Able To Get 'yay' Or 'nay' Readings On Persistence Of Inflation, Not Just Confusing Signals
Portfolio Pulse from Happy Mohamed
Fed's Goolsbee expects to see clearer indications on the persistence of inflation in the coming months, with goods inflation potentially decreasing and housing inflation falling by the fall.
June 21, 2023 | 4:47 pm
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NEUTRAL IMPACT
Fed's Goolsbee's comments on inflation may impact the broader market, including the SPY ETF, as investors watch for signs of inflation persistence.
Fed's Goolsbee's comments on inflation persistence may influence investor sentiment and impact the broader market, including the SPY ETF. However, the direct impact on SPY is uncertain as it depends on the actual inflation data and other economic factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50