Fed's Goolsbee Says If Decrease In Housing Inflation Seen In April CPI Data Continues, That's Great
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee mentioned in a Marketplace Radio interview that a continued decrease in housing inflation, as seen in April's CPI data, would be positive.
May 15, 2024 | 8:45 pm
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The Federal Reserve's Goolsbee expressed optimism about the continued decrease in housing inflation seen in April's CPI data. This could be positive for the broader market, as represented by SPY, indicating a potential easing of inflationary pressures.
A decrease in housing inflation could signal easing inflationary pressures, which is generally positive for the broader market. SPY, as an ETF representing the S&P 500, could benefit from this optimistic outlook.
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