Fed's Goolsbee Says We Are Also Getting Positive Supply Side Developments In The Economy
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee has stated that there are positive supply side developments in the economy. This could potentially impact the overall market, including ETFs like SPY.
November 07, 2023 | 1:07 pm
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POSITIVE IMPACT
Positive supply side developments in the economy could potentially lead to an increase in the value of SPY.
Positive supply side developments in the economy generally lead to an increase in the value of assets as they indicate a healthy and growing economy. As SPY is a broad market ETF, it is likely to be positively impacted by these developments.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70