Fed's Goolsbee Says Beige Book Was A Fair Bit Downbeat, Suggest Warning Signs On Economy; You Only Want To Have Tight Policy As Long As You Have To
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee described the Beige Book as downbeat, indicating warning signs for the economy. He emphasized the need for tight monetary policy only as long as necessary.
September 06, 2024 | 3:35 pm
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The SPDR S&P 500 ETF (SPY) may be impacted by Fed's Goolsbee's comments on the downbeat Beige Book, suggesting economic caution and potential implications for monetary policy.
Goolsbee's comments on the Beige Book being downbeat suggest economic caution, which could lead to market uncertainty and potential negative impact on SPY as it reflects broader market sentiment.
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RELEVANCE 70