Richmond Fed President Barkin Says Very Hard To Imagine Inflation Easing A Lot While Growth Is Very Strong
Portfolio Pulse from Benzinga Newsdesk
Richmond Fed President Barkin stated in an interview with Bloomberg TV that it's difficult to foresee inflation easing significantly while economic growth remains strong.
September 28, 2023 | 7:43 pm
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NEUTRAL IMPACT
Barkin's comments on inflation and strong economic growth could impact the broader market, potentially affecting the SPY ETF.
Barkin's comments suggest that the Fed may not be in a hurry to tighten monetary policy, which could support stock prices. However, persistent inflation could also lead to higher input costs for companies, potentially hurting earnings and stock prices. Therefore, the impact on SPY is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50