Kashkari Said Best Thing Fed Can Do For Housing Is To Get Inflation Down
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Minneapolis President Neel Kashkari stated that the best action the Fed can take for the housing market is to reduce inflation. This statement suggests a focus on monetary policy to control inflation, which could impact housing-related stocks and ETFs.
June 16, 2024 | 3:26 pm
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NEGATIVE IMPACT
Kashkari's statement on reducing inflation could lead to tighter monetary policy, potentially impacting the broader market represented by SPY.
Tighter monetary policy to control inflation could lead to higher interest rates, which generally negatively impacts the stock market, including SPY.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Kashkari's focus on reducing inflation could impact the housing market, potentially affecting the performance of the XHB ETF.
Reducing inflation through tighter monetary policy could lead to higher mortgage rates, negatively impacting the housing market and the XHB ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 70