U.S. Households Report Decline In Financial Well-Being; Fed Says Report Shows Higher Prices Have Negatively Affected Most Households
Portfolio Pulse from Benzinga Newsdesk
A Federal Reserve survey reveals that U.S. households have reported a decline in financial well-being, with higher prices negatively affecting most households.
May 22, 2023 | 2:32 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
The decline in U.S. households' financial well-being due to higher prices may negatively impact the overall market, potentially affecting the SPY ETF.
The Federal Reserve survey indicates that higher prices are negatively affecting most U.S. households, leading to a decline in financial well-being. This may result in reduced consumer spending and a slowdown in economic growth, which could negatively impact the overall market and the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80