Chicago Fed President Goolsbee Says Recent Inflation Was "Mostly Supply" Though There Was A Demand Component
Portfolio Pulse from Benzinga Newsdesk
Chicago Fed President Goolsbee stated that the recent inflation was mostly due to supply issues, although there was a demand component as well.
September 28, 2023 | 1:40 pm
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NEUTRAL IMPACT
The statement by Chicago Fed President Goolsbee about recent inflation being mostly supply-driven could impact the broader market, represented by SPY.
Inflation impacts the overall economy and thus the broader market. While the statement does not directly mention SPY, as a representation of the broader market, it could be impacted by changes in inflation. The impact is neutral as it's unclear whether this inflation news is positive or negative for the market.
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IMPORTANCE 70
RELEVANCE 50