Fed's Kashkari Says Fed's Balance Sheet Shrinking Has A Ways To Go Yet; Underbuilding Is A Big Source Of Housing Inflation; Supply Chain Disruptions, Labor Shortages Is Another Source Of Housing Inflation, As Is Rise Of Work From Home
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari indicates that the Fed's balance sheet reduction is ongoing. He identifies underbuilding, supply chain disruptions, labor shortages, and the rise of remote work as key contributors to housing inflation.
October 07, 2024 | 6:31 pm
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The ongoing reduction of the Federal Reserve's balance sheet, as mentioned by Neel Kashkari, could impact the broader market, including SPY, by influencing interest rates and liquidity.
The Fed's balance sheet reduction can lead to tighter financial conditions, affecting market liquidity and interest rates. This can have a negative impact on SPY as it represents the broader market.
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