Fed's Goolsbee Says Inflation Targets Do Risk Giving A False Sense Of Precision Around A Variable That Is "Noisy"
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee has expressed that inflation targets could potentially give a false sense of precision around a variable that is considered 'noisy'. This statement could impact the market's perception of the Federal Reserve's approach to inflation.
September 28, 2023 | 1:43 pm
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NEUTRAL IMPACT
Goolsbee's statement on inflation targets could potentially impact the market's perception of the Federal Reserve's approach to inflation, which could indirectly affect the SPY ETF.
While SPY is not directly mentioned, it is a broad market ETF that could be affected by changes in market sentiment regarding the Federal Reserve's approach to inflation. Goolsbee's comments could potentially cause uncertainty, leading to market volatility.
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IMPORTANCE 60
RELEVANCE 50