Fed's Goolsbee Says Surprisingly High And Stable Amount Of Demand For Cash, Though The Cash Share Of All Transactions Is Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee highlights a stable demand for cash despite a decrease in cash transactions. This could indicate a shift in consumer behavior or economic conditions affecting liquidity preferences.
September 23, 2024 | 2:48 pm
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The stable demand for cash, as noted by Fed's Goolsbee, could impact SPY by indicating potential shifts in consumer behavior or economic conditions, affecting market liquidity and investor sentiment.
The mention of stable cash demand by a Federal Reserve official could influence SPY as it reflects broader economic conditions. However, the direct impact on SPY is uncertain, leading to a neutral short-term price direction.
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