Fed's Goolsbee Says We Must Get Inflation Down; 'Golden Path' Of Getting Inflation Down Without Major Recession Is A 'Tight Line' But 'So Far So Good'; Markets Fully Expect Fed Will Bring Inflation Down
Portfolio Pulse from Happy Mohamed
Fed's Goolsbee has expressed the need to bring inflation down, stating that the 'Golden Path' of reducing inflation without causing a major recession is a 'tight line', but so far, the approach has been successful. The markets fully expect the Fed to successfully bring inflation down.
August 04, 2023 | 9:56 am
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POSITIVE IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by the Fed's efforts to bring inflation down. If successful, this could stabilize the market and potentially boost investor confidence.
The SPY ETF tracks the S&P 500, which is a broad representation of the US stock market. Therefore, any major economic policy changes, such as efforts to bring down inflation, can have a significant impact on the ETF. If the Fed is successful in reducing inflation without causing a major recession, this could stabilize the market and potentially boost investor confidence, leading to a positive impact on the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75