Biden Administration Official Says Debt Ceiling Deal Is Possible On Friday But Could Easily Slip Into Weekend
Portfolio Pulse from Bill Haddad
The Biden administration official stated that a debt ceiling deal is possible on Friday, but it could easily slip into the weekend. This news may impact the SPY ETF.
May 26, 2023 | 5:46 pm
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NEUTRAL IMPACT
A debt ceiling deal could be reached on Friday or slip into the weekend, potentially impacting the SPY ETF in the short term.
The debt ceiling deal is an important regulatory event that could impact the overall market sentiment and the SPY ETF, which tracks the S&P 500. While the news is not specific to the ETF, it could still influence its performance in the short term. The uncertainty surrounding the deal's timing may lead to neutral short-term price movement.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75