Chicago Fed's Goolsbee Says Risk Of Inflation Staying Higher Is Still The Bigger Risk; Current Path Is "Unusual" For Inflation To Fall Like It Is Without Unemployment Rising
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed's Goolsbee has stated that the risk of inflation staying higher is still the bigger risk. He also mentioned that the current path is unusual for inflation to fall like it is without unemployment rising.
September 25, 2023 | 12:38 pm
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NEGATIVE IMPACT
The comments from Chicago Fed's Goolsbee about the risk of persistent high inflation could impact the broader market, including SPY.
High inflation can lead to increased uncertainty in the market, potentially leading to sell-offs. As SPY is a broad market ETF, it could be negatively impacted by this news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75