Fed's Goolsbee Says Cannot Really Wait Cut Rates If There Are Positive Supply Shocks Coming Through The System
Portfolio Pulse from Benzinga Newsdesk
In a recent interview with the Wall Street Journal, Federal Reserve member Goolsbee stated that the Fed cannot consider cutting rates if there are positive supply shocks in the system. This statement suggests a cautious approach towards monetary policy adjustments in response to economic changes.
February 02, 2024 | 7:50 pm
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Goolsbee's statement implies a cautious Federal Reserve, potentially affecting investor sentiment and market volatility, which could impact SPY as it tracks the broader market.
Goolsbee's comments suggest the Fed's careful approach to monetary policy, which can influence market expectations and sentiment. Given SPY's role as a broad market ETF, shifts in investor sentiment due to Fed policy can lead to increased volatility or changes in market direction, although the direct impact may be moderate as the statement is more about policy stance than immediate action.
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