U.S. May Federal Budget Balance Actual: -$240.3B Vs $176.2B Previous; Est -$236.0B
Portfolio Pulse from Charles Gross
The U.S. Federal Budget Balance for May was reported at -$240.3B, worse than the estimated -$236.0B and significantly lower than the previous $176.2B.
June 12, 2023 | 6:03 pm
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NEGATIVE IMPACT
The worse-than-expected U.S. Federal Budget Balance for May could impact the SPY ETF as it reflects the overall economic health.
The U.S. Federal Budget Balance is an indicator of the overall economic health of the country. A worse-than-expected deficit could lead to concerns about the economy's strength, which may negatively impact the SPY ETF, as it tracks the performance of the S&P 500 Index and represents the overall market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50