Fed's Goolsbee Says Supports Fed's New Focus On Job Markets; Inflation Is On A Path To 2%
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee expressed support for the Federal Reserve's new focus on job markets, indicating that inflation is on a path to reach the 2% target. This suggests a potential stabilization in monetary policy, which could impact market sentiment.
August 23, 2024 | 4:39 pm
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The Federal Reserve's focus on job markets and the indication that inflation is on a path to 2% could lead to a stabilization in monetary policy, potentially impacting SPY positively as market sentiment may improve.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. A focus on job markets and a controlled inflation path suggest stability, which is generally positive for equities.
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