U.S. Treasury Secretary Yellen Says Projected Resources Will Be Inadequate During Week Of June 5, When $92B Of Payments And Transfers Are Due
Portfolio Pulse from Happy Mohamed
U.S. Treasury Secretary Janet Yellen warns that projected resources will be inadequate during the week of June 5, when $92 billion of payments and transfers are due.
May 26, 2023 | 8:22 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Yellen's warning about inadequate resources for $92B payments and transfers may cause short-term uncertainty in the market, potentially impacting SPY.
Yellen's warning about inadequate resources during the week of June 5 may cause uncertainty in the market, as investors may worry about the government's ability to meet its obligations. This uncertainty could lead to increased volatility and potentially impact the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50