Fed's Barkin Says On The Goods Side, I Hear Pricing Power Is Waning; On Services Side, Still Think Firms Exploring Raising Prices As Much As Possible; Shelter And Services Inflation Is Not Quite There; This Month's Inflation Reading Was Very Encouraging
Portfolio Pulse from Benzinga Newsdesk
Fed's Barkin comments on the current state of inflation, noting that pricing power in goods is waning while services firms are still exploring price increases. Shelter and services inflation are not yet at desired levels, but the latest inflation reading is encouraging.
June 18, 2024 | 2:09 pm
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Fed's Barkin's comments suggest a mixed inflation outlook, with goods pricing power waning but services firms still exploring price hikes. This could lead to short-term volatility in SPY as investors digest the implications for future Fed policy.
The mixed signals on inflation from Fed's Barkin could lead to uncertainty in the market, causing short-term volatility in SPY. Investors will be closely watching for further Fed policy indications.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50