Fed's Goolsbee Says This Week's CPI Data Was Very Good; Many Months Like May's CPI Would Be Encouraging; Felt Relief But Need More Progress; Expecting A Lot Of Data Before Sept And Dec Meetings
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee commented positively on the recent CPI data, stating that it was very good. He mentioned that multiple months of similar CPI data would be encouraging, although more progress is needed. Goolsbee expects a lot of data to come in before the September and December meetings.
June 14, 2024 | 6:10 pm
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The positive comments from Fed's Goolsbee on the recent CPI data could boost investor confidence in the market, potentially leading to a short-term increase in SPY.
Goolsbee's positive remarks on CPI data suggest a favorable economic outlook, which is likely to boost investor sentiment and lead to a short-term rise in SPY.
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IMPORTANCE 70
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