Fed's Goolsbee Says If Job Market Data Is Stable, I'm Going To Be Less Concerned About That; Concern On Passive Tightening Is Not As Relevant Now That Fed Is Moving
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Goolsbee expressed that if job market data remains stable, his concerns would lessen. He also mentioned that concerns about passive tightening are less relevant now that the Fed is actively moving.
October 10, 2024 | 2:22 pm
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NEUTRAL IMPACT
Fed's Goolsbee's comments on stable job market data and reduced concern on passive tightening could influence SPY, as it reflects broader market sentiment.
SPY, as an ETF tracking the S&P 500, is sensitive to Fed policy and economic outlook. Goolsbee's comments suggest a stable economic environment, which could maintain current market levels.
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