Fed's Harker Says There Clearly Is A Tightening Of Credit; Unclear How Much Tighter Credit Will Impact Economy; I'm Not Concerned About Rise In Market Yields; Is Watching Rise In Market Yields; Low Income Consumers Are Slowing Down
Portfolio Pulse from Happy Mohamed
In a CNBC interview, Fed's Harker stated that there is a clear tightening of credit, but it is unclear how much this will impact the economy. He also mentioned that he is not concerned about the rise in market yields and is closely watching it. He noted that low-income consumers are slowing down.
August 24, 2023 | 2:10 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The tightening of credit and the rise in market yields could impact the overall market, which SPY tracks. The slowdown of low-income consumers could also affect the consumer discretionary sector.
The tightening of credit could lead to less borrowing and spending, which could slow down the economy and impact the overall market. The rise in market yields could also affect the stock market as it could lead to higher borrowing costs for companies. The slowdown of low-income consumers could impact the consumer discretionary sector, which could affect the overall market that SPY tracks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75