Chicago Fed President Goolsbee, Said Fall In Us Inflation Is Not Just A Blip; Said Housing Costs Are A 'negative Surprise' But Trend Is Still Down For Prices
Portfolio Pulse from Charles Gross
Chicago Fed President Goolsbee stated in an FT interview that the recent fall in US inflation is not just a temporary occurrence. He also mentioned that housing costs are a 'negative surprise' but the overall trend for prices is still downward.
October 16, 2023 | 10:07 am
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NEUTRAL IMPACT
The comments by Chicago Fed President Goolsbee about the fall in US inflation and housing costs could impact the SPY ETF, which tracks the S&P 500 and is sensitive to macroeconomic indicators.
The SPY ETF is sensitive to macroeconomic indicators such as inflation and housing costs. The comments by Chicago Fed President Goolsbee could therefore have an impact on the ETF. However, the direction of the impact is uncertain as it depends on how investors interpret these comments and their implications for the economy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75