U.S. Treasury Secretary Yellen Says Tight Monetary Policy Is Bringing Down Inflation In Many Developing Countries; China Has Short And Long Term Economic Issues; There Could Be Some Small Spillover From China To The United States
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Yellen stated that tight monetary policy is reducing inflation in many developing countries. She also mentioned that China is facing short and long term economic issues, which could have minor spillover effects on the United States.
September 19, 2023 | 12:48 pm
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NEGATIVE IMPACT
China's economic issues, as mentioned by Yellen, could impact the iShares China Large-Cap ETF (FXI).
Yellen's comments about China's economic issues could negatively impact the FXI ETF, which tracks large-cap Chinese companies. If China's economy struggles, it could lead to lower returns for the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Yellen's comments about potential spillover effects from China's economic issues could impact the SPDR S&P 500 ETF (SPY).
Yellen's comments about potential spillover effects from China's economic issues could negatively impact the SPY ETF, which tracks the S&P 500. If the US economy is affected by China's economic issues, it could lead to lower returns for the ETF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60