Fed's Goolsbee Says I Do Think That Past Cycles Show That When Things Slow Down, It Warrants Multiple Moves In Policy Rate
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee suggested that historical patterns indicate multiple policy rate adjustments are warranted when economic conditions slow down. This could imply potential future interest rate cuts by the Federal Reserve.
September 06, 2024 | 3:42 pm
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Fed's Goolsbee's comments on potential multiple rate cuts during economic slowdowns could impact SPY, as interest rate changes influence market conditions.
SPY, as an ETF tracking the S&P 500, is sensitive to interest rate changes. Goolsbee's comments suggest potential rate cuts, which could boost equities by lowering borrowing costs and encouraging investment.
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