Fed's Goolsbee Says We Are Still A Ways Off From Having To Sort Out Where Neutral Rate Is; Says We Have Time And Runway To Figure Out Where The Settling Point On The Fed Policy Rate Is
Portfolio Pulse from Benzinga Newsdesk
In a Bloomberg TV interview, Fed's Goolsbee stated that the Federal Reserve is not yet at the point of determining the neutral rate and has time to decide on the policy rate's settling point.
October 04, 2024 | 2:13 pm
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NEUTRAL IMPACT
Fed's Goolsbee's comments suggest that the Federal Reserve is not in a rush to determine the neutral rate, implying a stable interest rate environment in the near term. This could lead to stability in the SPY ETF, which tracks the S&P 500.
Goolsbee's comments imply that the Federal Reserve is not in a hurry to adjust interest rates, which could lead to a stable market environment. SPY, as an ETF tracking the S&P 500, may experience stability as a result.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50