Fed's Barkin Says Fed Has Time To See Data Before Making Next Rate Move Call; Anecdotal Info Points To More Slowing Than Current Data Shows; Path For Inflation Is Not Yet Clear, But Sees Clear Progress
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that the Fed has time to observe data before deciding on the next rate move. He also mentioned that anecdotal information indicates more slowing than current data shows. The path for inflation is unclear, but he sees clear progress.
October 17, 2023 | 2:46 pm
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NEUTRAL IMPACT
The Federal Reserve's stance on interest rates could impact the SPY ETF. The indication of a potential slowdown and unclear inflation path may cause uncertainty among investors.
The Federal Reserve's decisions on interest rates directly impact the overall market, which is represented by the SPY ETF. The indication of a potential slowdown and unclear inflation path can cause uncertainty, which can lead to market volatility. However, the impact is not certain as the Fed has indicated it will wait to see more data before making a decision.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75