Fed Minutes Show Fed Staff Saw 'Mild Recession' As Likely To Start Later This Year, Same As In May Minutes
Portfolio Pulse from Benzinga Newsdesk
The Federal Reserve staff predicts a 'mild recession' to start later this year, as per the Fed minutes. This prediction remains unchanged from the May minutes.
July 05, 2023 | 6:03 pm
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The prediction of a 'mild recession' by the Federal Reserve staff could potentially impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to overall economic conditions.
The SPY ETF tracks the S&P 500 index, which is a broad representation of the US stock market. A 'mild recession' prediction by the Federal Reserve staff could lead to a decrease in investor confidence, potentially leading to a sell-off in the market and negatively impacting the SPY ETF.
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