Goolsbee Denied That Progress Was Stalling On Getting Inflation Back To The Us Central Bank's 2% Target
Portfolio Pulse from Charles Gross
Goolsbee has denied that progress is stalling on getting inflation back to the US Central Bank's 2% target, according to the Financial Times.
October 16, 2023 | 10:08 am
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NEUTRAL IMPACT
The news may impact the SPY ETF as it reflects the performance of the US economy, which is influenced by the Central Bank's inflation target.
The SPY ETF tracks the S&P 500, a broad measure of the US stock market. Any news related to the US economy, such as changes in the Central Bank's inflation target, can potentially impact the performance of the ETF. However, as Goolsbee denied any stalling progress, the impact may be neutral in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50