Fed's Goolsbee Says Path Of Rate Cuts Is Key, Not Size; Neutral Rates Are "Far From Where We Are"; Says Everything Is Always On The Table For The Fed; Doesn't Expect Near Zero Rates Given Current Economic Outlook
Portfolio Pulse from Benzinga Newsdesk
In a Bloomberg TV interview, Fed's Goolsbee emphasized the importance of the path of rate cuts rather than their size. He noted that neutral rates are far from current levels and doesn't foresee near-zero rates given the current economic outlook. He also mentioned that all options are always on the table for the Fed.
August 23, 2024 | 6:23 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may be influenced by Fed's Goolsbee's comments on interest rates, as they impact market expectations and economic outlook.
Goolsbee's comments on interest rates can affect market sentiment and expectations, which in turn can influence SPY's performance. However, the impact is neutral as no immediate rate changes were announced.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50