Fed's Goolsbee Says Impact Of Supply Shock On Inflation Takes Time, Suggests Benefits Of Supply Chain On Disinflation Are Still To Come
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee indicates that the impact of supply shocks on inflation is delayed, suggesting that the benefits to disinflation from improvements in the supply chain are yet to be realized.
February 29, 2024 | 4:23 pm
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POSITIVE IMPACT
Goolsbee's comments suggest a positive outlook for the economy, potentially benefiting SPY as market sentiment improves.
Goolsbee's remarks on the delayed impact of supply shocks and the anticipated benefits for disinflation could lead to improved market sentiment. As SPY tracks the performance of the S&P 500, a broad market index, positive economic outlooks often translate to gains in SPY.
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