Fed's Goolsbee Says You Have To Look Through Two Week Movements Of Long-Term Yield Rates; Says If Long Rates Are Sustained At High Levels, That Is Most Likely Tightening
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee stated that it's important to look beyond two-week movements of long-term yield rates. He added that if long rates are sustained at high levels, it would most likely indicate tightening.
November 07, 2023 | 1:08 pm
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The comments by Fed's Goolsbee about long-term yield rates could impact the SPY ETF, as it is sensitive to changes in interest rates.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in interest rates. If long-term yield rates are sustained at high levels, it could indicate a tightening monetary policy, which could potentially impact the performance of the ETF.
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