Fed's Goolsbee Says Other Concerns Include Potential Fed Policy Overtightening, Rapid Labor Market Deterioration; He Applies A Relatively High Bar To Changing Fed's Quantitative Tightening Formula
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee expresses concerns about the risks of Fed policy overtightening and a rapid deterioration in the labor market. He also indicates a high threshold for altering the Fed's quantitative tightening approach.
January 11, 2024 | 8:43 pm
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Fed's Goolsbee's comments on potential policy overtightening and labor market issues may create uncertainty in the market, potentially affecting SPY.
Goolsbee's comments suggest caution regarding the Fed's current policy path, which could lead to increased market volatility and a negative short-term impact on broad market indices like SPY.
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