Fed's Goolsbee Says We Might Equal Fastest Drop In Inflation In Last Century
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee predicts a possible equal to the fastest drop in inflation in the last century. This could potentially impact the overall market, including ETFs like SPY.
November 07, 2023 | 1:12 pm
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A significant drop in inflation could potentially impact the value of SPY, as it reflects the overall market performance.
A significant drop in inflation could lead to a decrease in the value of SPY. As SPY is a broad market ETF, it is sensitive to overall economic conditions, including inflation rates. Lower inflation could mean lower interest rates, which could negatively impact the value of SPY.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75