Fed's Goolsbee Says Fed Not Aiming To Return Price Levels To Previous State As It Would Require Deflation
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that the Fed is not aiming to return price levels to their previous state as it would require deflation. This indicates a focus on managing inflation without drastic measures that could harm the economy.
May 30, 2024 | 5:53 pm
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POSITIVE IMPACT
The statement from Fed's Goolsbee suggests that the Federal Reserve will avoid drastic deflationary measures, which could stabilize investor sentiment and support the stock market.
By avoiding deflationary measures, the Fed is likely to maintain a more stable economic environment, which is generally positive for the stock market and ETFs like SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50