Fed's Goolsbee Says We've Had Multiple Months Of Better Inflation Data; Inflation Fight Is Not Done, But I Feel A Lot Better; Labor Market Has Been Cooling To Better Balance
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that recent inflation data has been positive, but the fight against inflation is not over. He also noted that the labor market is cooling, leading to a better balance.
July 18, 2024 | 2:07 pm
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POSITIVE IMPACT
The Federal Reserve's positive outlook on recent inflation data and a cooling labor market could lead to short-term stability in the SPY ETF, reflecting investor confidence in economic management.
The SPY ETF, which tracks the S&P 500, is likely to experience short-term stability as the Federal Reserve's positive comments on inflation and labor market balance boost investor confidence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50