Fed's Powell Says There Will Be Commercial Real Estate Losses In Office And Mall Sectors; May Be A Difficult Time For Some Banks That Have A High Concentration Of Those Loans
Portfolio Pulse from Happy Mohamed
Federal Reserve Chairman Jerome Powell warns of commercial real estate losses in the office and mall sectors, which may lead to a difficult time for banks with a high concentration of those loans.
June 21, 2023 | 4:56 pm
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The S&P 500 ETF (SPY) may be affected by the potential commercial real estate losses in office and mall sectors, as warned by Fed's Powell.
The potential commercial real estate losses in office and mall sectors may lead to a difficult time for banks with a high concentration of those loans. This could negatively impact the overall market sentiment and the S&P 500 ETF (SPY), which tracks the performance of the top 500 US companies.
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