Treasury Secretary Janet Yellen Calls Fitch Downgrade 'Arbitrary' And 'Outdated'
Portfolio Pulse from Happy Mohamed
Treasury Secretary Janet Yellen has criticized Fitch Ratings' recent downgrade of the US credit rating, calling it 'arbitrary' and 'outdated'.

August 04, 2023 | 10:37 am
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NEUTRAL IMPACT
The criticism of Fitch's downgrade by Janet Yellen may cause uncertainty among investors, potentially impacting the SPY ETF.
While the SPY ETF is not directly affected by the credit rating of the US, investor sentiment towards the US economy can influence the ETF's performance. Yellen's criticism of Fitch's downgrade may cause uncertainty among investors, potentially leading to volatility in the SPY ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50