Fed's Goolsbee Live On Bloomberg TV, Says "Fed's Goal Is PCE Measure Of 2%; Inverted Yield Curve Not Reliable Recession Sign Now"
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee appeared live on Bloomberg TV, stating that the Federal Reserve's target is a PCE measure of 2%. He also mentioned that the current inverted yield curve should not be considered a reliable indicator of an impending recession.
February 05, 2024 | 3:15 pm
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Goolsbee's comments on Bloomberg TV may influence investor sentiment, potentially stabilizing or boosting confidence in the market, as reflected in the SPY ETF.
Goolsbee's reassurance about the Federal Reserve's inflation target and the dismissal of the inverted yield curve as a recession indicator could lead to increased investor confidence. This, in turn, might result in a positive short-term impact on the SPY ETF, as it broadly represents the market's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70