Fed's Goolsbee Says Things Have Moved Sideways On Inflation; Says In March I Jotted Down Two Rate Cuts This Year; Says But If Inflation Continues To Move Sideways, Makes Me Wonder If We Should Cut Rates At All This Year
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee comments on inflation moving sideways and reevaluates the possibility of rate cuts this year. Initially considering two rate cuts, he now questions if any should occur if inflation persists.
April 04, 2024 | 6:04 pm
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Goolsbee's comments on inflation and rate cuts could influence investor sentiment, potentially impacting SPY as it reflects broader market trends.
Goolsbee's remarks on reconsidering rate cuts due to steady inflation could lead to mixed reactions in the market. While some investors might see this as a sign of economic stability, others could interpret it as a lack of aggressive measures to combat inflation, potentially leading to a neutral short-term impact on SPY.
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