Fed's Goolsbee Says So Far We Are On A Good Path On Inflation, But Not Done; Priority For Changing Rate Stance Is Inflation Rate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that the current path on inflation is good, but not yet complete. The priority for changing the rate stance is the inflation rate.
November 07, 2023 | 1:15 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on inflation could impact the SPY ETF. A change in rate stance based on inflation could affect the market and thus the ETF.
The Federal Reserve's stance on inflation and potential changes in rate stance can have a significant impact on the overall market. As SPY is a broad market ETF, it could be affected by these changes. However, the exact impact is uncertain as it depends on the specifics of the rate change and the market's reaction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50