Fed's Kashkari Says Not Seeing Evidence China Issues Spilling Over To U.S.
Portfolio Pulse from Happy Mohamed
Federal Reserve's Neel Kashkari has stated that he is not seeing any evidence of China's economic issues spilling over to the U.S. This statement comes amidst concerns about China's slowing economy and its potential impact on global markets.
August 15, 2023 | 3:58 pm
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NEUTRAL IMPACT
The statement by Fed's Kashkari may reduce concerns about the impact of China's economy on the iShares China Large-Cap ETF (FXI), potentially stabilizing its price.
As the ETF FXI is heavily influenced by China's economic performance, Kashkari's statement may reduce investor concerns, potentially stabilizing the ETF's price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Fed's Kashkari's statement may also reduce concerns about the impact of China's economy on the SPDR S&P 500 ETF (SPY), potentially stabilizing its price.
As the ETF SPY is influenced by the overall U.S. economy, Kashkari's statement may reduce investor concerns about China's impact on the U.S., potentially stabilizing the ETF's price in the short term.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50