Fed's Goolsbee Says Every Month Inflation Comes In Low We Just Tightened; Raises Some Serious Questions About This Meeting And Next Several Months That We Make Sure Not To Make Labor Market Turn Into Something Worse
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee stated that each month of low inflation effectively acts as a tightening measure. This raises questions about the upcoming Fed meetings and the potential impact on the labor market.
September 06, 2024 | 3:33 pm
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Fed's Goolsbee suggests that low inflation is akin to tightening, which could influence SPY as it reflects market expectations of Fed policy and economic conditions.
SPY, as an ETF tracking the S&P 500, is sensitive to Fed policy and economic outlook. Goolsbee's comments suggest a cautious approach to tightening, which could stabilize SPY in the short term as markets adjust expectations.
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