Fed's Barkin Says Current 'Low-Hiring, Low-Firing' Approach Companies Now Take To Employment Is Unlikely To Persist; Risk Is That Firms Will Resort To Layoffs If Economy Weakens; Disinflation Has Spread Beyond Goods To Rest Of Economy, Boosting Confidence It Will Continue
Portfolio Pulse from Benzinga Newsdesk
In a Bloomberg interview, Fed's Barkin expressed concerns that the current 'low-hiring, low-firing' employment approach by companies may not last. He warned that firms might resort to layoffs if the economy weakens. Additionally, disinflation is spreading beyond goods, boosting confidence in its continuation.
August 26, 2024 | 2:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fed's Barkin suggests that the current employment trend may not persist, with potential layoffs if the economy weakens. This could impact the broader market, including SPY, as it reflects economic health.
Barkin's comments suggest a potential shift in employment trends, which could lead to economic uncertainty. SPY, as an ETF tracking the S&P 500, may be impacted by broader market reactions to such economic signals.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50