Fed's Barkin Says There Is Still Tightening To Come, More Lag To Come From Hikes So Far; I Also Believe Inflation Will Take Longer To Settle Than Some Optimists
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin has stated that there is still more tightening to come, and that the full impact of the rate hikes so far has not yet been felt.
November 09, 2023 | 4:52 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The statement from Fed's Barkin about further tightening and lag from previous hikes could potentially impact the SPY ETF.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by further tightening from the Federal Reserve. Higher interest rates can lead to lower stock prices as borrowing costs increase for companies, potentially leading to lower profits and slower economic growth.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75