Fed's Barkin Says Fed Rate Hikes Are Also Helping Reduce Demand, As Is Credit Tightening Due To Bank Failures
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin states that rate hikes are helping reduce demand, and credit tightening due to bank failures is also contributing to this effect.
May 25, 2023 | 2:14 pm
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Fed's rate hikes and credit tightening due to bank failures may lead to reduced demand, potentially impacting the overall market tracked by SPY.
The Federal Reserve's rate hikes and credit tightening due to bank failures are reducing demand. This may lead to a slowdown in economic growth, which could negatively impact the overall market and the performance of the SPY ETF, which tracks the S&P 500 index.
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