Fed's Barkin Says Household Survey Much More Volatile Than Payroll Survey
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin highlighted the volatility in household surveys compared to payroll surveys, suggesting that the latter may provide a more stable measure of employment trends.
June 18, 2024 | 2:43 pm
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The Federal Reserve's Barkin emphasized the volatility in household surveys compared to payroll surveys, suggesting that payroll data might be a more reliable indicator of employment trends. This could influence investor sentiment towards economic stability and impact SPY.
Barkin's comments may lead investors to place more weight on payroll data when assessing economic conditions, potentially stabilizing market sentiment. However, the direct impact on SPY is neutral as it depends on broader economic interpretations.
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