Yellen Says I Do Think There Will Be Issues With Commercial Real Estate; Says Banks Are Broadly Preparing For Restructuring And Some Difficulties Going Ahead
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen expressed concerns about potential issues in the commercial real estate sector and stated that banks are preparing for restructuring and difficulties ahead.

June 07, 2023 | 12:13 pm
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Yellen's concerns about commercial real estate may impact the broader market, including the SPY ETF, as banks prepare for restructuring and difficulties.
Treasury Secretary Janet Yellen's concerns about potential issues in the commercial real estate sector indicate a possible negative impact on the broader market. As banks prepare for restructuring and difficulties ahead, this may lead to increased uncertainty and potential downward pressure on the SPY ETF, which tracks the S&P 500 index.
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IMPORTANCE 60
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