Fed's Goolsbee Says We Have A Little More Tolerance For An Upside Surprise On CPI As Longer Arc Shows Inflation Coming Down
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee expressed a tolerance for potential short-term increases in CPI, as the long-term trend shows inflation decreasing. This suggests a more flexible approach to monetary policy in response to inflation data.
September 06, 2024 | 3:43 pm
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Fed's Goolsbee's comments on inflation suggest a more flexible monetary policy, which could stabilize SPY as investors anticipate less aggressive rate hikes.
Goolsbee's comments suggest the Fed may not react aggressively to short-term CPI increases, which could ease investor concerns about rate hikes, potentially stabilizing or boosting SPY.
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