Fed's Goolsbee Earlier Said Still A Question Mark On How Many People Are Going Back To Offices; In Terms Of Commercial Real Estate, That Means Difficult To Know Its Profile Going Forward
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee highlighted uncertainty in the return to office trends, posing challenges for the commercial real estate sector's future outlook.
February 14, 2024 | 3:38 pm
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NEUTRAL IMPACT
The uncertainty in office return trends may indirectly affect SPY due to its exposure to the commercial real estate sector.
SPY, as a broad market ETF, includes companies from the commercial real estate sector. Goolsbee's comments introduce uncertainty into this sector, which could lead to volatility in SPY's performance. However, given SPY's diversified nature, the impact is likely to be moderate and more psychological than fundamental in the short term.
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