Fed's Goolsbee Says Am Concerned If We Maintain This Level Of Restrictedness, Odds Of Recession Might Be Rising
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee expressed concerns that maintaining the current level of monetary policy restrictiveness could increase the odds of a recession.
September 06, 2024 | 3:44 pm
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Fed's Goolsbee's comments on the potential for increased recession risks due to current monetary policy restrictiveness could impact SPY, as it reflects broader market sentiment.
SPY, as an ETF tracking the S&P 500, is sensitive to macroeconomic indicators and Fed policy. Goolsbee's comments suggest potential economic slowdown, which could negatively impact market sentiment and SPY's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50