Fed's Goolsbee Says Shocks Are Still Possible, And Past Soft Landings Have Been Derailed By Those
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee warns that economic shocks can still occur and past instances of soft landings have been disrupted by such unexpected events. This statement suggests that while the economy may be on a path to a soft landing, unforeseen circumstances could still pose risks.
December 01, 2023 | 3:16 pm
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Fed's Goolsbee's comments on potential economic shocks may increase market volatility and could lead to short-term uncertainty in the SPY ETF, which tracks the S&P 500.
Goolsbee's remarks about the possibility of economic shocks are likely to cause concern among investors, leading to increased market volatility. As SPY is a broad market ETF, it is sensitive to changes in market sentiment and economic outlook. The cautionary tone may lead to a short-term negative impact on SPY's price as investors assess the risks.
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