Fed's Goolsbee Says Data Indicates Golden Path; Need To Balance Policy With Economy Quickly; If Inflation And Job Market Continue Cooling, Fed Should Cut Rates; Jobs Data Shows Cooling Labor Market
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee suggests that current data indicates a 'golden path' for the economy, emphasizing the need to balance policy with economic conditions quickly. If inflation and the job market continue to cool, the Fed should consider cutting rates. Recent jobs data shows a cooling labor market.
August 02, 2024 | 5:49 pm
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The Federal Reserve's indication of potential rate cuts if inflation and the job market continue to cool could positively impact SPY, as lower rates generally boost stock prices.
The Federal Reserve's potential rate cuts are likely to have a positive impact on SPY, as lower interest rates generally lead to higher stock prices. The cooling labor market and inflation data support this outlook.
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IMPORTANCE 90
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