Fed's Collins Says Not Raising Debt Ceiling Could Be Very Damaging
Portfolio Pulse from Happy Mohamed
Federal Reserve Bank of Boston President Eric Rosengren warned that not raising the debt ceiling could be very damaging to the US economy. This could potentially impact the stock market and ETFs like SPY.
May 25, 2023 | 3:20 pm
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Not raising the debt ceiling could damage the US economy, potentially impacting the stock market and ETFs like SPY.
Federal Reserve Bank of Boston President Eric Rosengren's warning about the potential damage of not raising the debt ceiling could lead to increased uncertainty in the market. This could negatively impact the stock market and ETFs like SPY, which tracks the S&P 500 index, as investors may become more risk-averse.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80