Fed's Goolsbee Says There Is Some Weakness In The Jobs Market, We Have To Pay Attention To That; We Are Restrictive In Real Terms At The Highest In Many Decades; You Only Want To Be There For As Long As You Have To; If We Are Not Overheating, We Should Not Tighten Our Restrictiveness In Real Terms; We Should Respond To Conditions On The Broad Through Line
Portfolio Pulse from Benzinga Newsdesk
Fed's Goolsbee highlights weaknesses in the jobs market and suggests that the current restrictive monetary policy should only be maintained as long as necessary. He emphasizes that if the economy is not overheating, further tightening should be avoided.
August 05, 2024 | 12:43 pm
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POSITIVE IMPACT
Fed's Goolsbee's comments on the jobs market and monetary policy suggest a cautious approach to further tightening, which could stabilize or positively impact SPY in the short term.
Goolsbee's cautious stance on further tightening and focus on job market weaknesses suggest that the Fed may avoid additional restrictive measures, which could be seen as positive for SPY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80