Fed's Barkin Says Have A Hard Time Declaring 'Sufficiently Restrictive' At Any Point In Time; We'll Get A Bunch Of Data Before The Next Fed Meeting; I Don't See Us As Done Yet; I Anticipate More Disinflation On Goods; I Think Pressure On Services Inflation Is Continuing
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that he has a hard time declaring 'sufficiently restrictive' at any point in time. He also mentioned that they will receive a lot of data before the next Fed meeting and he doesn't see the Fed as done yet. He anticipates more disinflation on goods.
November 09, 2023 | 4:26 pm
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NEUTRAL IMPACT
The comments from Federal Reserve's Barkin may impact the overall market sentiment, potentially affecting the SPY ETF. His anticipation of more disinflation on goods could influence market trends.
Barkin's comments indicate that the Federal Reserve's actions are not yet complete and that more disinflation on goods is expected. This could influence investor sentiment and market trends, potentially impacting the SPY ETF, which tracks the S&P 500 and is a good indicator of overall market performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75