Fed's Goolsbee Says A Major Victory For Fed Would Be Cooling Inflation Without Causing Recession
Portfolio Pulse from Happy Mohamed
Federal Reserve's Goolsbee stated that a major victory for the Fed would be to cool inflation without causing a recession, according to CNBC.
August 25, 2023 | 4:35 pm
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NEUTRAL IMPACT
The statement by Fed's Goolsbee may impact the SPY ETF as it reflects the overall US market, which is sensitive to inflation and recession concerns.
The SPY ETF, which tracks the S&P 500, is likely to be impacted by the Fed's actions and statements on inflation and recession. If the Fed successfully cools inflation without causing a recession, it could stabilize the market, potentially benefiting SPY. However, the uncertainty surrounding this outcome may lead to volatility in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75