Fed's Goolsbee Says Doesn't Think Inflation Will Get Stuck Above 2%; I Try To Resist Committing Myself On Monetary Policy; Historically Rate Cutting Has Been A Process; Wants To Hit Golden Path Of 2% Inflation Without Recession; Hopeful A Year From Now We're Still Chugging Along
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee expressed optimism that inflation will not remain above 2% and emphasized the importance of achieving this target without triggering a recession. He noted that historically, rate cuts have been a gradual process.
August 23, 2024 | 4:45 pm
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Fed's Goolsbee is optimistic about inflation not remaining above 2% and aims to achieve this without a recession. This could positively impact SPY as it suggests a stable economic outlook.
Goolsbee's comments suggest a stable economic outlook, which is generally positive for broad market ETFs like SPY. His optimism about controlling inflation without a recession could boost investor confidence.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50