Fed's Goolsbee Says Dynamics Now Look A Lot More Like The Regular Business Cycle; If We Get More Months Like We Just Saw On Inflation, Fed Can Cut Rates; The Pain Is Rising Is Various Parts Of The Economy; Delinquencies Have Been Rising, Though Not To A Level Like That In A Recession
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee suggests that the current economic dynamics resemble a regular business cycle. If inflation continues to improve, the Fed may cut rates. However, economic pain is increasing, with rising delinquencies, though not at recession levels.
June 14, 2024 | 6:36 pm
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The Fed's potential rate cuts, if inflation continues to improve, could positively impact SPY. However, rising delinquencies indicate underlying economic issues.
The potential for rate cuts is generally positive for equities, including SPY. However, the mention of rising delinquencies suggests caution due to underlying economic issues.
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