Fed's Barkin Says Am Also Hearing Productivity Is A Little Higher Than Before Too Though
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Barkin mentioned that productivity is slightly higher than before, which could have implications for economic growth and monetary policy.
June 18, 2024 | 3:08 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) could see a positive impact due to the slight increase in productivity mentioned by Fed's Barkin, as it may signal stronger economic growth.
A slight increase in productivity can lead to stronger economic growth, which is generally positive for the stock market. As SPY tracks the S&P 500, it could benefit from this potential growth.
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