Fed's Barkin Warns 'There Is More Inflation To Come,' Calls For Decisive Economic Slowdown
Portfolio Pulse from Piero Cingari
Richmond Federal Reserve President Thomas Barkin has suggested that slowing down the economy could be a strategy to combat inflation. He expressed skepticism about achieving the central bank’s 2% inflation target smoothly and stated that more inflation is expected. Despite anticipating a slowdown, Barkin believes the U.S. economy is prepared and any downturn may be less severe than past recessions. The S&P 500 index and Treasury yields were flat and higher respectively.
November 09, 2023 | 5:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) fell 1.1% as Treasury yields were higher. The anticipation of a slowdown in the economy could potentially impact the ETF.
The anticipation of a slowdown in the economy could potentially impact the ETF. The ETF fell 1.1% as Treasury yields were higher, indicating a negative short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The S&P 500 index, as tracked by the SPDR S&P 500 ETF Trust (SPY), was flat for the day. The anticipation of a slowdown in the economy could potentially impact the ETF.
The anticipation of a slowdown in the economy could potentially impact the ETF. However, the ETF was flat for the day, indicating a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70