Fed's Goolsbee Says Can't Help But Be Optimistic In The Long View; 'Vibes' No Longer Reliable Indicator Of Spending, So We Put Less Weight On Them Now
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee expressed optimism about the long-term economic outlook, stating that 'vibes' are no longer a reliable indicator of spending. The Fed is putting less weight on these subjective measures.
June 18, 2024 | 6:55 pm
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The Federal Reserve's optimistic long-term economic outlook, as expressed by Goolsbee, could positively impact SPY, which tracks the S&P 500. Reduced reliance on subjective spending indicators may lead to more stable economic policies.
Goolsbee's positive outlook on the economy suggests a favorable environment for equities, which could benefit SPY. The shift away from subjective spending indicators may result in more predictable and stable economic policies, further supporting market confidence.
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