Richmond Fed's Barkin Says Inflation Is Still Too High; Says Demand Remains Elevated At The Same Time Supply Is Constrained, Process Of Getting Back To Balance Has Been Slow
Portfolio Pulse from Benzinga Newsdesk
Richmond Fed's Barkin has stated that inflation is still too high, with demand remaining elevated while supply is constrained. The process of getting back to balance has been slow.
July 12, 2023 | 12:48 pm
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NEGATIVE IMPACT
The high inflation and supply-demand imbalance mentioned by Richmond Fed's Barkin could impact the overall market, potentially affecting SPY.
High inflation can lead to increased market volatility, which can negatively impact the value of SPY. Additionally, supply-demand imbalances can lead to economic instability, which can also negatively affect SPY.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75