Fed's Goolsbee Says Still A Little Bit Of 'Juice' Left After Last Year's Rapid Inflation Decline
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that there is still some 'juice' left in the economy following last year's rapid decline in inflation. This suggests that the Fed may continue to monitor economic conditions closely before making further policy changes.
June 18, 2024 | 6:08 pm
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The statement by Fed's Goolsbee indicates that the Federal Reserve may not rush into further policy changes, which could stabilize market expectations and support the SPY ETF in the short term.
Goolsbee's comments suggest a cautious approach from the Fed, which could reduce market volatility and support the SPY ETF as investors gain confidence in a stable economic outlook.
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