McConnell, Summers, Cramer, Hartnett, And Powell Shape The Narrative: Week's Most-Read Stories On Economy
Portfolio Pulse from Benzinga Newsbot
The past week saw significant economic developments and predictions, including Mitch McConnell's criticism of Senate Democrats' support for Bernstein as CEA Chair, Larry Summers' views on the U.S. economy, Jim Cramer's outlook on the Chinese economy, Michael Hartnett's warning of a potential market collapse, and Jerome Powell pausing interest rate increases.
June 17, 2023 | 5:10 pm
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The week's economic news, including McConnell's criticism, Summers' views, Cramer's outlook, Hartnett's warning, and Powell's decision, may impact the SPY ETF.
The news mentioned in the article may have varying effects on the SPY ETF. McConnell's criticism and Summers' views on the U.S. economy may have a neutral impact, while Cramer's outlook on the Chinese economy and Hartnett's warning of a potential market collapse may have a negative impact. However, Powell's decision to pause interest rate increases may have a positive impact. Overall, the combined effect of these news items is expected to be neutral on the SPY ETF in the short term.
CONFIDENCE 75
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