Barkin On Outlook For A Rate Cut, I Don't Think Forward Guidance Is Particular Helpful Right Now
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Richmond President Thomas Barkin stated that he does not find forward guidance particularly helpful at the moment, indicating uncertainty about the timing of future rate cuts.
June 28, 2024 | 11:38 am
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NEUTRAL IMPACT
The statement from Richmond Fed President Thomas Barkin suggests uncertainty about future rate cuts, which could lead to increased market volatility and impact the SPY ETF.
Barkin's comments introduce uncertainty regarding future rate cuts, which can lead to market volatility. SPY, being a broad market ETF, is likely to be affected by such macroeconomic signals.
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