Fed's Barkin Says Long-Term Rates Have Loosened, But I Don't Think Of Them As A Policy Variable, Or Equate Them To Rate Hikes
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Thomas Barkin stated that long-term rates have loosened, but he does not consider them as a policy variable or equate them to rate hikes.
November 09, 2023 | 4:20 pm
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The statement by Fed's Barkin about long-term rates may impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to interest rate changes.
The SPY ETF, which tracks the S&P 500 index, is sensitive to changes in interest rates. While Barkin's comments do not directly indicate a change in rates, they may influence market sentiment and thus impact the ETF.
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