Fed's Barkin Says Need To See Sustainment And Broadening In Disinflation To Give Me Confidence We Heading Back To 2%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin stated that he needs to see sustained and broad disinflation to be confident that the economy is heading back to a 2% inflation rate.
June 18, 2024 | 2:14 pm
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NEUTRAL IMPACT
Fed's Barkin's comments on the need for sustained and broad disinflation to achieve a 2% inflation rate could lead to market uncertainty, impacting SPY in the short term.
Barkin's comments suggest that the Fed is cautious about declaring victory over inflation, which could lead to market uncertainty. SPY, as a broad market ETF, may experience volatility as investors react to potential future Fed actions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50