Fed's Goolsbee Says Still Feels There's A Path To A Soft Landing
Portfolio Pulse from Happy Mohamed
Federal Reserve's Goolsbee has expressed optimism about the possibility of a soft landing for the economy, according to CNBC.
August 25, 2023 | 4:34 pm
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POSITIVE IMPACT
The statement by Fed's Goolsbee may impact the SPY ETF, which tracks the S&P 500, as it reflects investor sentiment towards the overall US economy.
The SPY ETF is a broad market indicator, and any positive or negative sentiment from the Federal Reserve can influence its performance. In this case, Goolsbee's optimism about a soft landing for the economy could be seen as a positive signal, potentially leading to an uptick in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75