Fed's Goolsbee Says Fed Can't Answer The Question Of What It Is Going To Do At March Meeting Without Seeing The Data; Fed Will Need To Evaluate Policy Restrictiveness As Inflation Comes Down
Portfolio Pulse from Benzinga Newsdesk
Fed member Goolsbee stated that the Federal Reserve cannot decide on its actions for the March meeting without evaluating incoming data. The Fed will assess the level of policy restrictiveness needed as inflation rates decrease.
January 11, 2024 | 8:42 pm
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Goolsbee's comments suggest uncertainty regarding the Fed's March meeting decisions, which could lead to market volatility affecting ETFs like SPY that track the broader market.
The Federal Reserve's policy decisions are a significant driver of market sentiment. Goolsbee's statement introduces uncertainty into the market, as investors will now be closely watching upcoming economic data to gauge the Fed's next move. This uncertainty can lead to increased volatility in the markets, which often affects broad-based ETFs like SPY. However, without specific directional cues, the immediate impact on SPY is likely to be neutral until more data is released.
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