Fed's Goolsbee Says In Near To Medium Term, What Will Determine Whether Rates Can Go Back To Normal, Is If Inflation Is On A Path To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that the key factor in determining whether interest rates can return to normal levels in the near to medium term is whether inflation is on a path to 2%.
June 14, 2024 | 6:16 pm
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The Federal Reserve's focus on inflation reaching a 2% target to normalize interest rates could impact the SPY ETF, as interest rate decisions influence market sentiment and stock prices.
Interest rate decisions by the Federal Reserve are crucial for market sentiment and stock prices. If inflation trends towards 2%, it could lead to a normalization of rates, impacting the SPY ETF. However, the exact timing and market reaction remain uncertain.
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