U.S. House Approves Measure To Begin One-Gour Debate On Debt Ceiling Bill Ahead Of Evening Vote On Passage
Portfolio Pulse from Happy Mohamed
The U.S. House of Representatives has approved a measure to begin a one-hour debate on the debt ceiling bill, with a vote on passage expected in the evening.
May 31, 2023 | 8:32 pm
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NEUTRAL IMPACT
The approval of the measure to debate the debt ceiling bill may cause short-term uncertainty in the market, potentially impacting the SPY ETF.
The debt ceiling bill debate in the U.S. House may cause short-term uncertainty in the market as investors await the outcome of the vote. This uncertainty could lead to fluctuations in the SPY ETF, which tracks the S&P 500 Index. However, the impact is expected to be short-lived and may not have a significant long-term effect on the ETF.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50