Fed's Goolsbee Says Even With January PCE Data Showing A Month Of Rebound, Should Be Careful To Extrapolate
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee cautions against extrapolating from January's PCE data showing a rebound, indicating a careful approach to interpreting this single month's data.
February 29, 2024 | 4:19 pm
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NEUTRAL IMPACT
The cautionary stance by Fed's Goolsbee on January's PCE data rebound may lead to mixed reactions in the market, potentially affecting SPY.
Given that SPY is a broad market ETF, any cautionary statements from the Fed regarding economic indicators like the PCE data can lead to market volatility. However, without specific negative or positive guidance, the impact is likely to be neutral in the short term.
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