Fed's Barkin Says Policy Is Restrictive Today; To Drop Rates, Would Want To Get Inflation On A Path To 2%; No Question You Are Seeing Credit Tightening
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that the current policy is restrictive and to lower rates, there would be a need to get inflation on a path to 2%.
November 09, 2023 | 4:40 pm
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NEUTRAL IMPACT
The Federal Reserve's potential rate cut could impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to interest rate changes.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in interest rates. If the Federal Reserve lowers rates, it could stimulate economic activity, potentially leading to higher corporate profits and stock prices. However, the impact is uncertain as it also depends on the inflation path.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75