Republican Negotiator McHenry Says He Doesn't Think That Deal On U.S. Debt Ceiling Will Be Reached On Thursday But List Of Outstanding Issues Is Growing Shorter
Portfolio Pulse from Happy Mohamed
Republican negotiator McHenry states that a deal on the U.S. debt ceiling is unlikely to be reached on Thursday, but the list of outstanding issues is growing shorter, according to a Fox News reporter tweet.
May 25, 2023 | 4:55 pm
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NEGATIVE IMPACT
The ongoing debt ceiling negotiations may cause uncertainty in the market, potentially impacting the SPY ETF in the short term.
The debt ceiling negotiations directly affect the U.S. economy and government spending. As SPY is an ETF that tracks the S&P 500, it is sensitive to changes in the overall market sentiment. The uncertainty surrounding the debt ceiling negotiations may cause investors to be cautious, potentially leading to a short-term negative impact on the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50