Fed's Goolsbee Says There Has Been A 'Partisanization' Of Consumer Confidence Readings, Making Them Less Informative For Consumer Spending
Portfolio Pulse from Benzinga Newsdesk
In a WBEZ interview, Fed's Goolsbee highlighted the 'partisanization' of consumer confidence readings, suggesting they are becoming less informative for predicting consumer spending.
October 03, 2024 | 5:17 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to concerns about the reliability of consumer confidence data, which can affect market sentiment and consumer spending predictions.
The mention of 'partisanization' in consumer confidence readings by a Fed official could lead to uncertainty in market sentiment, potentially affecting SPY. However, the direct impact on SPY is not clear-cut, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50