Chicago Fed President Goolsbee Says If Fed Sees Lack Of Progress On The Price Side It Will Have To Raise Restraint
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed President Goolsbee has indicated that if the Federal Reserve sees a lack of progress on the price side, it will have to raise restraint. This statement suggests potential changes in monetary policy that could impact the market.
September 28, 2023 | 1:36 pm
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NEGATIVE IMPACT
The statement by Chicago Fed President Goolsbee could potentially impact the SPY ETF. Changes in monetary policy, such as raising restraint, could affect the overall market, which SPY represents.
The SPY ETF tracks the S&P 500, which represents the overall US market. Any changes in monetary policy, such as raising restraint due to lack of price progress, could affect the market and therefore the SPY ETF. The score is negative as such changes are typically seen as tightening financial conditions, which could lead to a decrease in stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50