Fed's Goolsbee Says Data Dependent Doesn't Mean Basing Decisions On Last Month's Data, Need Longer Through Line; If Data Continues To Illustrate Unemployment Is Not Deteriorating, That Will Relieve Some Of My Concerns
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee emphasized the importance of a longer-term perspective in data analysis, rather than relying solely on recent data. He noted that if unemployment data remains stable, it would alleviate some of his concerns.
October 10, 2024 | 2:19 pm
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Fed's Goolsbee's comments on focusing on long-term data and stable unemployment could influence market sentiment, potentially stabilizing SPY.
Goolsbee's comments suggest a steady approach to monetary policy, which could lead to market stability. SPY, as a broad market ETF, may see neutral impact as investors digest this information.
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