Fed's Goolsbee Welcome News We Got One Month Inflation Came Down, Want To See 'More Months' Of That; If Inflation Ahead Behaves As It Did In Q1, We Would Have A Hard Time Cutting Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee expressed optimism over a recent month of declining inflation but emphasized the need for continued downward trends before considering rate cuts. If inflation continues as it did in Q1, rate cuts will be challenging.
June 14, 2024 | 6:48 pm
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The Federal Reserve's cautious stance on rate cuts due to inflation trends could impact SPY, as interest rate decisions significantly influence market performance.
SPY, as an ETF that tracks the S&P 500, is sensitive to Federal Reserve policies. The cautious stance on rate cuts due to inflation trends suggests potential market volatility, but the impact is neutral in the short term as no immediate rate changes are announced.
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