Chicago Fed's Goolsbee Says Concern Over Inverted Yield Curve Doesn't Account For Possible Differences In The Post-Pandemic Economy
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed's Goolsbee has expressed that concerns over an inverted yield curve may not take into account possible differences in the post-pandemic economy. This statement was reported by CNBC.
September 25, 2023 | 12:43 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The statement by Chicago Fed's Goolsbee may impact the SPY ETF as it reflects the overall US market, which could be influenced by changes in the yield curve.
The yield curve is a key indicator of economic health and its potential inversion is often seen as a sign of a looming recession. However, Goolsbee's statement suggests that the traditional interpretation of the yield curve may not apply in the post-pandemic economy. This could lead to uncertainty in the market, potentially impacting the SPY ETF, which reflects the overall US market.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50