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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POSITIVE IMPACT
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.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50