Richmond Fed President Thomas Barkin Says Impact Of Fed Rate Increases Will Hit In Time; Speaks At Richmond Event
Portfolio Pulse from Benzinga Newsdesk
Richmond Fed President Thomas Barkin stated that the impact of the Federal Reserve's rate increases will be felt over time. He made these comments during an event in Richmond.
June 20, 2024 | 8:23 pm
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NEUTRAL IMPACT
Richmond Fed President Thomas Barkin's comments on the delayed impact of Fed rate increases could lead to short-term uncertainty in the market, potentially affecting SPY.
Barkin's comments suggest that the effects of rate hikes are not immediate, which could lead to uncertainty in the market. SPY, being a broad market ETF, may experience volatility as investors react to this uncertainty.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50