Fed's Goolsbee Says By End Of 2025 I Think Policy Rate Will Be A Fair Bit Lower, If Conditions Continue Like This; Says We'll Get A Bunch More Data Before Next Fed Meetings; Says Our Goal Is To Keep Inflation, Unemployment Almost Exactly Where They Are Right Now
Portfolio Pulse from Benzinga Newsdesk
In a Yahoo Finance interview, Fed's Goolsbee suggested that if current conditions persist, the policy rate could be significantly lower by the end of 2025. He emphasized the importance of upcoming data before the next Fed meetings and aims to maintain current inflation and unemployment levels.
October 04, 2024 | 2:36 pm
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Fed's Goolsbee hints at a potential decrease in policy rates by 2025, which could positively impact SPY as lower rates often boost stock markets. However, the impact is contingent on economic conditions remaining stable.
Lower policy rates generally lead to increased liquidity and can boost stock markets, benefiting ETFs like SPY. Goolsbee's comments suggest a favorable long-term outlook if conditions remain stable.
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