Fed's Barkin Says Takes A While To Corral Price-Setters To Think "They Don't Have A Chance"; Have Not Yet Seen Evidence That Inflation Is On Track; Tend To Imagine Fed Will Need To Take Some Edge Off Demand To Finish Inflation Fight, Though Some Help From Supply Is Still Possible
Portfolio Pulse from Benzinga Newsdesk
Fed's Barkin comments on the ongoing inflation battle, noting the challenge in changing price-setters' expectations and the lack of evidence that inflation is on track. He suggests that reducing demand may be necessary to combat inflation, though improvements in supply could also contribute.
May 06, 2024 | 6:07 pm
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Barkin's remarks on inflation and the potential need for demand reduction could influence market sentiment, potentially impacting SPY as it reflects the broader market.
Barkin's comments on the ongoing struggle with inflation and the potential measures to combat it, including demand reduction, could lead to concerns about economic growth and market stability. This may result in a negative short-term impact on SPY, as it is a broad measure of the U.S. stock market and sensitive to changes in economic outlook and monetary policy.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 80