S&P Says Probability Of A Recession In The U.S. Starting Within Next 12 Months Has Moderated Since Beginning Of Year But Remains Elevated At 30%-35%
Portfolio Pulse from Benzinga Newsdesk
S&P has stated that the probability of a recession in the U.S. starting within the next 12 months has moderated since the beginning of the year but remains elevated at 30%-35%.
September 20, 2023 | 6:25 pm
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NEGATIVE IMPACT
The S&P's report of a moderated but still elevated risk of a U.S. recession could impact the SPY ETF, which tracks the S&P 500 index.
The SPY ETF tracks the S&P 500 index, which is likely to be negatively impacted if a recession occurs. The elevated risk of a recession, even if moderated, could lead to increased market volatility and potential downward pressure on the ETF.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100