Fed's Barkin Says Wage Pressures Remain But Overall They Have Moderated; Anecdotal Information Points To Better Labor Demand, Slowing Growth; Economy Moving In Right Direction On Lowering Inflation; Still Seeking Confirmation That Economy Is Slowing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that wage pressures remain but have moderated overall. He also mentioned that anecdotal information points to better labor demand and slowing growth. Barkin believes the economy is moving in the right direction on lowering inflation, but is still seeking confirmation that the economy is slowing.
October 17, 2023 | 2:47 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The Federal Reserve's comments on wage pressures, labor demand, and inflation could impact the overall market, represented by SPY.
The Federal Reserve's comments on the economy can have a significant impact on the overall market. While the comments suggest a positive outlook with moderated wage pressures and better labor demand, the uncertainty about the slowing economy could introduce volatility. As SPY represents a broad market index, it could be impacted by these macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75