Fed's Goolsbee Says There Are Some Measures In The Economy That Historically Don't Portend Well, Including Rise In Delinquencies; Level Of Delinquencies However Doesn't Look That Different To Pre-Covid; We Don't Want To Be Late On Policy, We Are Forward Looking
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee highlights concerns over rising delinquencies in the economy, stating that while current levels are similar to pre-COVID times, such measures historically signal potential issues. Emphasizing a forward-looking policy approach, he indicates the Fed's intent to preemptively address economic challenges.
April 19, 2024 | 3:15 pm
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Fed's Goolsbee's comments on rising delinquencies and a forward-looking policy approach may influence investor sentiment, potentially impacting SPY as it reflects broader market trends.
Goolsbee's remarks on economic indicators and policy direction can influence market sentiment, affecting assets like SPY that are sensitive to economic outlooks. However, the impact is uncertain as it depends on broader market interpretation and subsequent Fed actions.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75