Fed's Goolsbee Says There Are Some Signs Inflation Might Undershoot Target; Says We Need To Try To Maintain Conditions Like They Are Today
Portfolio Pulse from Benzinga Newsdesk
In a Bloomberg TV interview, Fed's Goolsbee indicated that there are signs inflation might undershoot the target, suggesting the need to maintain current economic conditions.
October 04, 2024 | 2:09 pm
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Fed's Goolsbee's comments on potential inflation undershoot could impact SPY as it reflects broader market expectations on interest rates and economic conditions.
SPY, as an ETF tracking the S&P 500, is sensitive to changes in economic conditions and interest rate expectations. Goolsbee's comments suggest a potential easing in inflation, which could lead to a more favorable interest rate environment, potentially boosting equities.
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