Fed's Harker Says Expects An Eventual Slowdown In Economy; We Are Seeing Inflation Coming Down; Right Now, Fed Has Probably Done Enough With Policy; Policy Is In Restrictive Stance; Let The Restrictive Policy Stance Play Out, Should Lower Inflation
Portfolio Pulse from Happy Mohamed
In a CNBC interview, Fed's Harker stated that he expects an eventual slowdown in the economy and a decrease in inflation. He believes that the Federal Reserve has done enough with policy and that the current restrictive policy stance should help lower inflation.
August 24, 2023 | 2:12 pm
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NEGATIVE IMPACT
Fed's Harker's comments on an expected economic slowdown and falling inflation could impact the SPY ETF. The restrictive policy stance could lead to a decrease in stock prices.
The Federal Reserve's policies have a significant impact on the overall economy and thus the stock market. Harker's comments about an expected economic slowdown and falling inflation suggest a potentially less favorable environment for stocks, which could negatively impact the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75