Fed's Barkin Says Fed's 2% Inflation Target Isn't Some Imaginary Animal; No Reason To Move The Target; The Real Lever On Policy Is The Fed Funds Rate
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that the Fed's 2% inflation target is not an imaginary figure and there is no reason to change it. He emphasized that the real lever on policy is the Federal Funds Rate.
November 09, 2023 | 4:56 pm
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NEUTRAL IMPACT
The reaffirmation of the 2% inflation target by the Federal Reserve's Barkin and the emphasis on the Federal Funds Rate as the policy lever could impact the SPY ETF.
The Federal Reserve's policies, including the inflation target and the Federal Funds Rate, have a significant impact on the overall market, which is represented by the SPY ETF. However, as the news is a reaffirmation of existing policy, the immediate impact may be neutral.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50