NYSE president expresses concern over inflation, interest rate raises

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NYSE president expresses concern over inflation, interest rate raises

Martin told FOX Business Maria Bartiromo that what you see in the markets is an indication of the uncertainty that's weighing on consumers' minds. Worries about inflation, higher gas prices, higher food prices, and worries about US policy in terms of interest rate raises are some of the worries about interest rate raises. It is causing some pressure on the market. On Monday, stocks jumped across the board after a selloff on Wall Street last week, forcing the S&P into bear market territory and the Dow seeing its worst day since 2020. The NYSE president explained the rebound.

Buyers are meeting sellers, sellers are meeting buyers and are doing it in a really efficient way, Martin said. Our jobs at the New York Stock Exchange are to make sure that our markets stay open, transparent, have great amounts of liquidity, and that our systems are robust and can handle the demand in messaging that is seen across our platforms. The president also confirmed that SEC Chair Gary Gensler and his team are very active in working on the slowdown of IPOs to the market.

Martin noted that he's trying to solve a problem because of his collaborative dialog associated with a pretty complex issue. We're hopeful that there will be a unification of rules across the dark pools and lit exchanges at the end of the day. Martin admitted she can't predict Gensler's ultimate decision, but the president assured that the IPO pipeline remains strong. Martin said that they're in the right time and that's what they're waiting for at the moment. Volatility is going to slow down companies coming to market, and that's something we've seen in the past. She said that there are a lot of pipeline of companies that are looking just for the right time to come to market.

The phenomenon of investors voting with their dollars here is seeing more and more companies moving into the medium cap, and even some small caps beginning to disclose their environmental, social and governance risks because at the end of the day, that is where the money is being driven, according to Martin. There are investment dollars coming into firms that have sustainable practices.