Fed's Goolsbee Says Powell's Rate Comments Were Clear And Definitive; Funds Rate Was Set During Higher Inflation; Fed Policy Has Been Passively Tightening As Inflation Cools
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee stated that Chairman Powell's comments on interest rates were clear and definitive. The funds rate was set during a period of higher inflation, and as inflation cools, the Fed's policy has been passively tightening.
August 23, 2024 | 5:48 pm
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The SPDR S&P 500 ETF (SPY) may be influenced by the Federal Reserve's stance on interest rates. As inflation cools, the passive tightening of Fed policy could impact market sentiment and SPY's performance.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in interest rates and Fed policy. Goolsbee's comments suggest a passive tightening as inflation cools, which could affect market sentiment and SPY's short-term performance.
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