Fed's Barkin Says Rate Cuts Still A Ways Off In My Mind; Hope And Expect To See More Progress Lowering Inflation; Not Spending Time Thinking About Government Borrowing Costs; Size Of Deficits Deserves Attention
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that rate cuts are still a ways off in his mind. He expressed hope and expectation to see more progress in lowering inflation. He also mentioned that he is not spending time thinking about government borrowing costs, but the size of deficits deserves attention.
November 03, 2023 | 2:29 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The comments from Federal Reserve's Barkin about rate cuts being a ways off and his focus on inflation and deficits 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 rate cuts being a ways off could be interpreted as a sign that the Fed is not overly concerned about slowing economic growth, which could be positive for stocks. However, his focus on inflation and deficits could create some uncertainty, potentially leading to volatility in the market.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50