Richmond Fed President Barkin Says There Is More Willingness Among Businesses To Try To Increase Price, And That Will Continue Until Demand Falls; Inflation Is Going To Be More Stubborn "Than Many People Would Hope"
Portfolio Pulse from Happy Mohamed
Richmond Fed President Barkin states that businesses are more willing to increase prices, and this trend will continue until demand falls. He believes inflation will be more stubborn than many people hope.
May 30, 2023 | 5:23 pm
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NEGATIVE IMPACT
Stubborn inflation may impact the overall market, potentially affecting the SPY ETF in the short term.
Stubborn inflation may lead to higher interest rates, which could negatively impact the overall market. As SPY is an ETF that tracks the S&P 500, it may be affected by these market changes in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50