Fed's Barkin Says I Am Waiting To See If Disinflation Becomes More Broad Based; I Didn't Expect The Strength Of Last Jobs Report; I Am In No Particular Hurry On Policy Rate
Portfolio Pulse from Benzinga Newsdesk
Fed's Barkin commented on waiting to see if disinflation becomes more broad-based, expressing surprise at the strength of the last jobs report and indicating no rush on policy rate adjustments. This suggests a cautious approach to future interest rate decisions.
February 07, 2024 | 6:05 pm
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Barkin's comments suggest a cautious Fed, potentially delaying aggressive rate hikes. This could support market sentiment and benefit SPY in the short term.
Barkin's remarks on waiting for more broad-based disinflation and expressing no hurry on policy rates indicate a less aggressive stance on immediate rate hikes. This could ease investor concerns about rapidly rising rates, supporting equity markets and ETFs like SPY that track the broader market performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75