U.S. Representative Kevin Hern, Head Of Largest Republican Caucus, Says Debt-Ceiling Deal 'Likely' By Tomorrow Afternoon
Portfolio Pulse from Benzinga Newsdesk
U.S. Representative Kevin Hern, head of the largest Republican caucus, stated that a debt-ceiling deal is likely to be reached by tomorrow afternoon.
May 25, 2023 | 2:35 pm
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POSITIVE IMPACT
A debt-ceiling deal is likely to be reached by tomorrow afternoon, which may have a positive impact on the SPY ETF in the short term.
A debt-ceiling deal would reduce uncertainty in the market and potentially lead to a positive reaction in the stock market. As SPY is a broad market ETF, it is likely to be positively impacted by this news in the short term.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50