Fed's Goolsbee Says The Puzzle On Housing Inflation Is Why Official Data Is So Different From Market Rents Data; Asked About A Possible Rate Hike If Needed, Says 'Don't Think Anything Is Not On The Table'
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee highlights the discrepancy between official housing inflation data and market rents, indicating openness to rate hikes if necessary, stating 'Don't think anything is not on the table'.
April 19, 2024 | 2:51 pm
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Goolsbee's comments on potential rate hikes could lead to increased market volatility, impacting SPY as it reflects the broader market sentiment.
Goolsbee's remarks on the possibility of rate hikes in response to housing inflation discrepancies may lead to investor uncertainty. This uncertainty can cause increased market volatility, negatively impacting SPY, which tracks the performance of the S&P 500 and is sensitive to changes in Federal Reserve policies.
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IMPORTANCE 80
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