Fed's Goolsbee Says We've Had Very Substantial Progress Over A Longterm Basis On Inflation; There Is 'Element Of Truth' That Disinflation Of 2023 Was Supply Chain Repair
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee highlights significant long-term progress on inflation, acknowledging that the disinflation observed in 2023 is partly due to supply chain improvements.
February 29, 2024 | 4:19 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) may see positive sentiment as Goolsbee's comments on inflation progress suggest a stabilizing economic environment.
Goolsbee's remarks on substantial inflation progress and the role of supply chain repair in 2023's disinflation could be seen as positive indicators for the overall economy. A stable or improving economic outlook generally supports equity markets, potentially leading to increased investor confidence in broad market ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75