Fed's Barkin Says Inflation Will Tell Me Whether We Are At Right Level On Rates
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin has stated that inflation will be the key indicator to determine if the current level of rates is appropriate.
November 09, 2023 | 5:11 pm
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NEUTRAL IMPACT
The statement by Fed's Barkin about inflation guiding rate levels could impact the SPY ETF, as changes in interest rates can affect the overall market.
The SPY ETF tracks the S&P 500, which is sensitive to changes in interest rates. If the Fed adjusts rates based on inflation, it could cause market volatility, potentially impacting the value of the SPY ETF.
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RELEVANCE 50