Fed's Goolsbee Says We Are Transitioning From A Focus On Cutting Inflation Rate To A More Balanced Approach; Says We Will Have Discussions About What Rate We Need To Ultimately Need To Settle On
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee indicates a shift from focusing solely on cutting inflation to a more balanced approach. Discussions will be held on the appropriate rate to settle on.
October 04, 2024 | 2:36 pm
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NEUTRAL IMPACT
The Federal Reserve's shift in focus from aggressively cutting inflation to a more balanced approach may impact SPY, as it reflects broader market expectations on interest rates.
SPY, as an ETF that tracks the S&P 500, is sensitive to changes in Federal Reserve policies. A shift to a balanced approach may stabilize market expectations, but the exact impact will depend on future rate decisions.
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