Fed's Harker Says Doesn't Believe AI Technology Will Upend Economy; Unclear How China Slowdown Will Impact U.S. Economy
Portfolio Pulse from Happy Mohamed
In a CNBC interview, Fed's Harker stated that he does not believe AI technology will significantly disrupt the economy. He also mentioned that it is unclear how China's economic slowdown will impact the U.S. economy.
August 24, 2023 | 2:17 pm
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NEUTRAL IMPACT
Fed's Harker's comments about the uncertainty of China's economic slowdown could potentially impact the iShares China Large-Cap ETF (FXI).
The iShares China Large-Cap ETF (FXI) could be impacted by the uncertainty surrounding China's economic slowdown as mentioned by Fed's Harker. However, the exact impact is unclear at this point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Fed's Harker's comments about the uncertainty of China's economic slowdown and the impact of AI technology could potentially impact the SPDR S&P 500 ETF (SPY).
The SPDR S&P 500 ETF (SPY) could be impacted by the uncertainty surrounding China's economic slowdown and the impact of AI technology as mentioned by Fed's Harker. However, the exact impact is unclear at this point.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70