Fed's Goolsbee Says Should Be Careful With The Argument That Supply Chain Is Now Fixed; Shouldn't Expect More Benefit In 2024
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee cautions against assuming the supply chain issues are fully resolved, indicating no further benefits expected in 2024.
February 29, 2024 | 4:20 pm
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NEUTRAL IMPACT
Goolsbee's caution on supply chain may temper expectations for economic recovery, potentially impacting SPY's performance.
As SPY tracks a broad range of sectors, Goolsbee's comments may lead to cautious investor sentiment, impacting its short-term performance. However, the direct impact may be moderated by other economic factors and investor interpretations.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70