Fed's Barkin Says Monetary Policy Can Be Affected By External Events Like Middle East Unrest; If Recession Arrives, Possible It Could Be Milder Than Other Recent Downturns; Businesses See Less Pricing Power But Still Willing To Probe On Price Increases
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that monetary policy can be influenced by external events such as unrest in the Middle East. He also suggested that if a recession were to occur, it could be milder than previous downturns. Businesses are seeing less pricing power but are still willing to probe on price increases.
October 17, 2023 | 2:47 pm
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The comments from Federal Reserve's Barkin about the potential influence of external events on monetary policy and the possibility of a milder recession could impact the SPY ETF, which tracks the S&P 500 and is sensitive to changes in monetary policy.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in monetary policy. Barkin's comments about the potential influence of external events on monetary policy and the possibility of a milder recession could create uncertainty among investors, potentially impacting the ETF's performance in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75