Fed's Goolsbee Says Economy Outside Of Inflation Data Showing Signs Of Cooling
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that the economy, excluding inflation data, is showing signs of cooling. This could impact market sentiment and influence the performance of broad market ETFs like SPY.
June 24, 2024 | 12:37 pm
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The statement by Fed's Goolsbee about the economy showing signs of cooling, excluding inflation data, could influence the performance of SPY, a broad market ETF.
Goolsbee's comments suggest a potential slowdown in economic activity, which could affect market sentiment. However, the impact on SPY is uncertain as it depends on how investors interpret the cooling signs relative to inflation data.
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