Beige Book: Job Growth Was Subdued Across The Nation
Portfolio Pulse from Benzinga Newsdesk
The Beige Book report indicates that job growth across the nation was subdued, potentially impacting the overall economy.
September 06, 2023 | 6:02 pm
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Subdued job growth as reported in the Beige Book could potentially impact the SPY ETF, which tracks the S&P 500 and is a broad indicator of the US economy.
The SPY ETF tracks the S&P 500, which is a broad indicator of the US economy. Subdued job growth could potentially lead to a slowdown in the economy, which could negatively impact the performance of the SPY ETF in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80