Fed's Harker Says Course Of Fed Action More Crucial Than Size Of Moves; Declines To Comment On Market Pricing; Notes Mortgage Creation Business Is Picking Up Again
Portfolio Pulse from Benzinga Newsdesk
In a CNBC interview, Fed's Harker emphasized that the trajectory of Federal Reserve actions is more important than the magnitude of individual moves. He refrained from commenting on market pricing but noted an uptick in the mortgage creation business.
August 22, 2024 | 2:14 pm
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NEUTRAL IMPACT
Fed's Harker's comments on the importance of the Fed's action trajectory over the size of moves could influence market sentiment, impacting SPY. His observation of increased mortgage creation may also affect market dynamics.
Harker's comments suggest a focus on the overall direction of Fed policy, which can influence investor sentiment and market expectations, potentially affecting SPY. The mention of increased mortgage creation could signal economic activity, but the lack of specific market pricing comments keeps the impact neutral.
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IMPORTANCE 60
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