Chicago Fed President Goolsbee: Rates will be lower in 12-18 months if we make progress on inflation
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Chicago Fed President Austan Goolsbee suggests that interest rates could be lower in 12-18 months if meaningful progress is made on controlling inflation. During a CNBC 'Squawk Box' interview, Goolsbee discussed the Federal Reserve's ongoing efforts to combat inflation and potential future monetary policy adjustments.
March 21, 2025 | 2:00 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF could see positive movement based on Goolsbee's comments suggesting potential interest rate reductions in 2024.
Potential interest rate cuts typically signal economic stabilization and can lead to increased market optimism, potentially driving stock prices higher.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 70