Fed's Goolsbee Says Getting Inflation Down Without A Recession "Is A Golden Path, And I Feel Like We're On That Golden Path"
Portfolio Pulse from Happy Mohamed
Federal Reserve's Goolsbee expressed optimism about the current economic situation, stating that the U.S. is on a 'golden path' of reducing inflation without triggering a recession.
July 07, 2023 | 3:39 pm
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POSITIVE IMPACT
The optimistic statement from the Federal Reserve's Goolsbee about the U.S. economy's ability to reduce inflation without causing a recession could potentially have a positive impact on the SPY ETF.
The Federal Reserve's actions and statements often have a significant impact on the stock market. In this case, Goolsbee's optimistic outlook on the U.S. economy's ability to reduce inflation without causing a recession could potentially boost investor confidence, which could in turn positively impact the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50