Fed's Goolsbee Live On Bloomberg TV, Says "Need To Respond To The Datal; Won't Speculate On Potential For 50 BPs Cut"
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee, in a live interview on Bloomberg TV, emphasized the need to respond to economic data but refrained from speculating on a potential 50 basis points rate cut.
February 05, 2024 | 3:10 pm
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NEUTRAL IMPACT
Goolsbee's comments on Bloomberg TV may lead to increased market speculation and potential volatility in SPY, as investors interpret the Fed's stance on interest rates.
Goolsbee's non-committal stance on a specific rate cut leaves room for market speculation, which can lead to short-term volatility in SPY as it reflects broader market sentiment towards Federal Reserve policies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75