Chicago Fed's Goolsbee Says One View Is That Monetary Policy Takes A Long Time To Work Through The Economy; At Some Point The Question Shifts From How High To Raise Rates To How Long They Will Stay There
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed's Goolsbee suggests that monetary policy takes a long time to impact the economy. The focus may shift from how high to raise rates to how long they will stay there.
September 25, 2023 | 12:40 pm
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NEUTRAL IMPACT
The statement by Chicago Fed's Goolsbee may impact the broader market, represented by SPY, as it suggests a potential shift in monetary policy focus.
Monetary policy changes, especially those related to interest rates, can significantly impact the stock market. A shift in focus from the level of rate hikes to the duration could introduce new uncertainties, potentially affecting market sentiment and the performance of SPY.
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IMPORTANCE 70
RELEVANCE 75