Fed's Barkin Says Core Issue On Whether Another Rate Hike Is Needed Is Inflation; Continued Disinflation Means Policy Is Working The Way We Want
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that the core issue on whether another rate hike is needed is inflation. He added that continued disinflation indicates that the policy is working as intended.
November 09, 2023 | 4:17 pm
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The Federal Reserve's stance on inflation and potential rate hikes could impact the SPY ETF, which tracks the S&P 500. A rate hike could potentially lead to a decrease in the ETF's value.
The SPY ETF, which tracks the S&P 500, is sensitive to changes in the Federal Reserve's monetary policy. If the Fed decides to increase rates due to inflation concerns, this could lead to a decrease in the value of the ETF as higher interest rates can make equities less attractive compared to fixed-income investments.
CONFIDENCE 80
IMPORTANCE 70
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