Fed's Goolsbee Says July Jobs Report Is 'Pretty Much What We Expected'
Portfolio Pulse from Happy Mohamed
Federal Reserve's Goolsbee stated that the July jobs report was 'pretty much what we expected', according to Reuters. The statement suggests that the job market is performing as anticipated by the Federal Reserve.
August 04, 2023 | 3:38 pm
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NEUTRAL IMPACT
The statement by Federal Reserve's Goolsbee about the July jobs report may have a neutral impact on SPY as it suggests that the job market is performing as expected, which is already priced into the market.
The statement by Federal Reserve's Goolsbee does not present any new or unexpected information about the job market. Therefore, it is unlikely to cause any significant changes in the price of SPY in the short term as the market has already priced in the expected performance of the job market.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50