Fed's Barkin Says Clearly On The "Back End" Of Inflation; Firms Are Still Trying To Test Their Pricing Power, Though That Is Not A Permanent State; Possible That Monetary Policy Impacts Are Slower To Be Felt Than Before; Watching Unemployment Rate Carefully, But Also Open To Idea That Policy Is Not As Restrictive As Thought
Portfolio Pulse from Benzinga Newsdesk
Fed's Barkin indicates that inflation is on the decline, but firms are still testing their pricing power. He suggests that the impacts of monetary policy may be slower to materialize and is closely monitoring the unemployment rate. Barkin is also open to the idea that current policy may not be as restrictive as previously thought.
July 17, 2024 | 1:23 pm
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Fed's Barkin suggests inflation is declining and monetary policy impacts may be slower, which could lead to market stability. However, firms testing pricing power and potential less restrictive policy could introduce volatility.
The news suggests a mixed outlook for SPY. While declining inflation and slower monetary policy impacts could stabilize the market, firms testing pricing power and potentially less restrictive policy could introduce volatility.
CONFIDENCE 80
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RELEVANCE 80