Fed's Goolsbee Says It Is Clear Job Market Is Strong But Cooling; Prices Move First, Then Wages; We Can Get Unemployment Rate Not To A Recession Level And Still Get Prices Down
Portfolio Pulse from Happy Mohamed
Federal Reserve's Goolsbee stated that the job market is strong but cooling. He mentioned that prices move first, then wages, and believes that it's possible to lower the unemployment rate without leading to a recession and still manage to bring down prices.
July 07, 2023 | 3:41 pm
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NEUTRAL IMPACT
The Federal Reserve's comments on the job market and economy may impact the SPY ETF, which tracks the S&P 500 and is sensitive to overall economic conditions.
The Federal Reserve's comments on the job market and economy can influence investor sentiment and market trends, which can impact the SPY ETF. However, the exact direction of the impact is uncertain as it depends on how investors interpret and react to these comments.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75