Fed's Barkin Says I Do Believe Inflation Is Coming Down, But Will Take More Time
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that he believes inflation is decreasing but will take more time to reach desired levels.
May 16, 2024 | 2:11 pm
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Federal Reserve's Barkin's comments on inflation suggest a cautious approach to monetary policy, which could stabilize market sentiment.
Barkin's comments indicate that the Federal Reserve is aware of the inflation trend and is likely to continue its measured approach to monetary policy. This could reassure investors and stabilize the market, positively impacting SPY.
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