Fed's Barkin Says The "Edge" Will Need To Come Off Demand For Inflation To Return To Target; Overall Labor Market Numbers Are Normalizing; Jobless Claims Are Low By Historic Standards But May Be Edging Up
Portfolio Pulse from Benzinga Newsdesk
Fed's Barkin suggests that demand needs to decrease for inflation to return to target levels. He notes that the labor market is normalizing, with jobless claims still low by historic standards but potentially increasing.
May 16, 2024 | 2:10 pm
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Fed's Barkin indicates that demand needs to decrease for inflation to return to target levels, which could impact overall market sentiment. The labor market is normalizing, with jobless claims still low but potentially increasing.
Barkin's comments suggest a potential tightening of economic conditions, which could negatively impact market sentiment and the SPY ETF in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80