Fed's Goolsbee Says Sees Warning Signs From Real Economy; Using Europe's Housing Inflation Measures, We Would Be At 2% Already; Inflation Arc Clearly Downward; Continued Progress On Inflation Would Increase Confidence; Immigration's First-Order Impact Is On Population, Leading To Higher Steady-State Monthly Job Gains
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee highlights warning signs from the real economy and suggests that using Europe's housing inflation measures, the US would already be at 2% inflation. He notes a clear downward trend in inflation and states that continued progress would boost confidence. Additionally, he mentions that immigration impacts population growth, leading to higher steady-state monthly job gains.
July 02, 2024 | 3:12 pm
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POSITIVE IMPACT
Fed's Goolsbee's comments on the downward trend in inflation and the potential for increased confidence with continued progress could positively impact SPY in the short term. His remarks on immigration and job gains also suggest a stable economic outlook.
Goolsbee's comments on the downward trend in inflation and the potential for increased confidence with continued progress are positive indicators for the market. SPY, as an ETF that tracks the S&P 500, is likely to benefit from a stable economic outlook and improved investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80