IMF's Chief Economist Gourinchas Says Biggest Threat To Global Economy Is Inflation; U.S. Has 'Narrow Path' To Avoid
Portfolio Pulse from Happy Mohamed
IMF's Chief Economist Gourinchas has identified inflation as the biggest threat to the global economy. He also mentioned that the U.S. has a 'narrow path' to avoid this threat.
July 25, 2023 | 2:38 pm
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The SPY ETF, which tracks the S&P 500, could be impacted by the inflation threat identified by IMF's Chief Economist. The U.S. economy's 'narrow path' to avoid this threat could lead to market volatility.
Inflation can erode the value of future earnings, making stocks less attractive. This could lead to a sell-off in the market, negatively impacting the SPY ETF. The 'narrow path' comment suggests that the U.S. economy is at risk, which could lead to increased market volatility.
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