We Are On A 'Golden Path' To Lower Inflation Without Recession, Fed's Goolsbee Says
Portfolio Pulse from Piero Cingari
Chicago Fed President Austan Goolsbee believes that the Federal Reserve is on a path to reduce inflation without resorting to recession. This is supported by June's data showing a slowing pace of job creation and rising wages. Goolsbee suggests that further tightening measures, including higher interest rates, may be needed. Companies like Goldman Sachs Group Inc. and JPMorgan Chase & Co., as well as ETFs like Vanguard Total Stock Market ETF and iShares Core S&P 500 ETF, could be impacted by these changes.
July 07, 2023 | 8:05 pm
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NEGATIVE IMPACT
Goldman Sachs could be impacted by the Federal Reserve's potential measures to reduce inflation, including higher interest rates.
Goldman Sachs, as a financial institution, is sensitive to changes in interest rates. Higher interest rates could increase borrowing costs and potentially impact profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
iShares Core S&P 500 ETF could be impacted by the Federal Reserve's potential measures to reduce inflation.
The iShares Core S&P 500 ETF, which tracks the S&P 500, could be affected by changes in monetary policy, including higher interest rates, which could impact the value of the stocks in the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 65
NEGATIVE IMPACT
JPMorgan Chase could be affected by the Federal Reserve's potential measures to reduce inflation, including higher interest rates.
JPMorgan Chase, as a financial institution, is sensitive to changes in interest rates. Higher interest rates could increase borrowing costs and potentially impact profitability.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Vanguard Total Stock Market ETF could be impacted by the Federal Reserve's potential measures to reduce inflation.
The Vanguard Total Stock Market ETF, which tracks the overall market, could be affected by changes in monetary policy, including higher interest rates, which could impact the value of the stocks in the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 65