Chicago Fed President Goolsbee Says Trying Not To Put Much Weight On "Conventional" Measures Of Overheating; Have Not Decided What To Do At The Next Meeting
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed President Goolsbee stated that they are not putting much weight on conventional measures of overheating and have not decided what to do at the next meeting.
September 28, 2023 | 1:38 pm
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NEUTRAL IMPACT
The statement by Chicago Fed President Goolsbee may cause uncertainty in the market, potentially affecting the SPY ETF.
The statement by the Chicago Fed President introduces uncertainty into the market as it is unclear what actions the Fed might take at the next meeting. This could lead to increased volatility, potentially affecting the SPY ETF, which tracks the S&P 500 and is a broad measure of the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50