White House Fiscal Year 2024 Deficit Under Proposed Budget Now Forecast At $1.877T Vs $1.846T In March Budget Plan
Portfolio Pulse from Happy Mohamed
The White House has revised its fiscal year 2024 deficit forecast to $1.877 trillion, up from the $1.846 trillion projected in the March budget plan.
July 28, 2023 | 6:04 pm
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The increased deficit forecast could potentially impact the overall market, represented by SPY, as it may lead to concerns about economic stability.
The increased deficit forecast could lead to concerns about the government's ability to manage its finances, which could in turn impact investor sentiment and the overall market. As SPY is a broad market ETF, it could be affected by these broader economic concerns.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50