No Other Debt Ceiling Talks Planned Before President Biden - House Speaker McCarthy Meeting Later Monday
Portfolio Pulse from Benzinga Newsdesk
No further debt ceiling talks are planned before President Biden's meeting with House Speaker McCarthy later on Monday, according to two Republican lawmakers cited by CNN.
May 22, 2023 | 4:40 pm
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NEGATIVE IMPACT
The lack of debt ceiling talks before the President's meeting with House Speaker McCarthy may create uncertainty in the market, potentially impacting the SPY ETF.
The debt ceiling discussions have a direct impact on the overall market sentiment. As SPY is an ETF that tracks the S&P 500, it is sensitive to changes in market sentiment. The lack of talks before the meeting may create uncertainty, which could negatively impact the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50