U.S. Treasury Secretary Yellen Says Democrats Ready To Keep Government Operating; Have Not Tried To Estimate The Impact Of A Government Shutdown; No Good Reason To Have Shutdown, Do Not Need Shock To The Economy
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Yellen stated that Democrats are prepared to keep the government operating and have not estimated the impact of a potential government shutdown. She emphasized that there is no good reason for a shutdown and the economy does not need such a shock.
September 19, 2023 | 12:45 pm
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NEGATIVE IMPACT
The news of potential government shutdown could create uncertainty in the market, potentially affecting the SPY ETF, which tracks the S&P 500 index.
Government shutdowns typically create uncertainty in the market, which can lead to increased volatility. This could potentially impact the SPY ETF, which tracks the S&P 500 index, a broad measure of the U.S. stock market. However, the extent of the impact would depend on the duration and severity of the shutdown, if it occurs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50