Fed's Barkin Says My Outlook Is For A Modest Slowdown, Driven By Lags Still To Come
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin has stated that he expects a modest slowdown in the economy, driven by lags that are yet to come.
November 09, 2023 | 5:15 pm
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NEGATIVE IMPACT
The statement by Federal Reserve's Barkin about a potential economic slowdown could impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is a broad representation of the US stock market. Any potential economic slowdown, as suggested by Federal Reserve's Barkin, could negatively impact the overall market, and hence the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75