Fed's Harker Says Not Seeing So Much A Credit Crunch As A Credit Squeeze Following Silicon Valley Bank
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Bank of Philadelphia President Patrick Harker stated that he is not seeing a credit crunch but rather a credit squeeze following Silicon Valley Bank's actions. This may impact the overall market sentiment.
May 31, 2023 | 5:50 pm
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Fed's Harker's comments on credit squeeze following Silicon Valley Bank may impact overall market sentiment, potentially affecting SPY.
Fed's Harker's comments on the credit squeeze following Silicon Valley Bank may impact overall market sentiment. As SPY is an ETF that tracks the S&P 500, it may be affected by changes in market sentiment. However, the impact may not be significant as it is not directly related to the performance of the companies in the index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50