Fed's Goolsbee Says As Inflation Comes Down, Policy Gets Tighter; Thinks We Should Tighten By Choice, Not Default
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated in a CNBC interview that as inflation decreases, monetary policy will become tighter. He emphasized that tightening should be a deliberate choice rather than a default action.
July 02, 2024 | 3:08 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The Federal Reserve's stance on tightening monetary policy as inflation decreases could impact the SPY ETF, which tracks the S&P 500. Tighter policy may lead to higher interest rates, potentially affecting stock prices.
The Federal Reserve's indication of tighter monetary policy as inflation decreases suggests potential for higher interest rates. This could negatively impact the SPY ETF, which tracks the S&P 500, as higher rates often lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80