Fed's Goolsbee Says Biggest Danger To Inflation Picture Is Continued High Inflation In Housing Services; Says I Had Been Expecting It To Come Down More Quickly Than It Has
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee expressed concern that the biggest threat to the inflation outlook is the persistent high inflation in housing services, noting that it has not decreased as quickly as anticipated.
April 04, 2024 | 5:14 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience volatility due to concerns over persistent high inflation in housing services affecting the broader inflation outlook.
As SPY tracks a broad range of sectors including real estate, persistent high inflation in housing services could impact consumer spending and overall economic growth, potentially affecting SPY's performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70