Fed Chair Powell Says Significant Probability We Get A Downturn But It's Not The Most Likely Case
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has stated that there is a significant probability of an economic downturn, but it is not the most likely scenario.
June 28, 2023 | 1:59 pm
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NEGATIVE IMPACT
The statement by Fed Chair Powell about the possibility of an economic downturn could impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is a broad representation of the US stock market. Any potential economic downturn, as suggested by Fed Chair Powell, could negatively impact the overall market and thus the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75