Fed's Goolsbee Says The Question Of The "Last Mile" On Inflation Is "A Little Harder;" Supply May Not Help As Much; The Most Important Number In The Immeidate Term On Inflation Is What Is Happening With Housing
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee comments on the challenges of the final phase of controlling inflation, highlighting the complexity of the 'last mile' and the potential limited impact of supply. He emphasizes the critical role of housing in the immediate term for inflation.

April 12, 2024 | 4:23 pm
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NEUTRAL IMPACT
Goolsbee's remarks on inflation and housing may influence market sentiment, potentially impacting SPY as it reflects broader market trends.
Goolsbee's comments on inflation, particularly the emphasis on housing, could lead to cautious market sentiment. Given SPY's nature as a broad market ETF, any significant shifts in economic outlook or policy implications regarding inflation could influence its performance. However, the direct impact may be moderated by the diverse range of sectors and companies represented in SPY, leading to a neutral short-term score.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75