Fed's Goolsbee Says Not All Data Suggest Labor-Market Overheating; Fed Has To Recalibrate,'Wait And See' On Inflation
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee indicates not all data show labor-market overheating, suggesting a 'wait and see' approach on inflation, implying a potential recalibration of Fed policies.
April 19, 2024 | 2:35 pm
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POSITIVE IMPACT
Goolsbee's comments may lead to cautious optimism in the market, potentially stabilizing or positively impacting SPY as investors adjust expectations on Fed actions.
Goolsbee's remarks suggest a less aggressive stance on rate hikes, which could ease investor concerns about rapid policy tightening. This might lead to a more stable or positive outlook for the SPY, as it reflects broader market sentiment towards Federal Reserve policies.
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