U.S. Treasury Secretary Yellen Says There's Absolutely No Reason For A Government Shutdown
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen has stated that there is no reason for a government shutdown. This statement comes amidst concerns over the U.S. government's debt ceiling.
September 18, 2023 | 2:15 pm
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POSITIVE IMPACT
The statement by U.S. Treasury Secretary Janet Yellen may bring stability to the market, potentially impacting the SPY ETF positively.
The SPY ETF, which tracks the S&P 500, is sensitive to overall market conditions. Yellen's statement may ease concerns over a potential government shutdown, which could have caused market instability. This could lead to a positive impact on the SPY ETF in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50