U.S. Treasury Secretary Yellen Says I Don't Expect A Recession In The U.S.; U.S. Growth Has Slowed But Labor Market Quite Strong
Portfolio Pulse from Happy Mohamed
U.S. Treasury Secretary Yellen has stated that she does not anticipate a recession in the U.S. She noted that while U.S. growth has slowed, the labor market remains strong.
July 17, 2023 | 12:24 pm
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POSITIVE IMPACT
The statement from U.S. Treasury Secretary Yellen about the strong labor market and no expected recession could boost investor confidence, potentially impacting the SPY ETF positively.
The SPY ETF tracks the S&P 500, which is a broad representation of the U.S. stock market. Positive economic indicators, such as a strong labor market and no expected recession, can boost investor confidence and potentially lead to an increase in the ETF's value.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50