Fed Chair Powell Says Strikes, Government Shutdown, The Resumption Of Student Loan Payments, And Higher Long-term Rates, Are Among Risks; A Strike Could Affect Economic Output, Hiring And Inflation, But Will Depend On How Broad And How Long
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Jerome Powell has identified several potential risks to the economy, including strikes, a government shutdown, the resumption of student loan payments, and higher long-term rates. The impact of a strike would depend on its breadth and duration, potentially affecting economic output, hiring, and inflation.
September 20, 2023 | 7:02 pm
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NEGATIVE IMPACT
The identified risks by Fed Chair Powell could potentially impact the broader market, represented by SPY. The extent of the impact would depend on the realization and severity of these risks.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the risks identified by Fed Chair Powell. Strikes, a government shutdown, the resumption of student loan payments, and higher long-term rates could all potentially lead to economic instability, which would likely negatively impact the stock market and, by extension, the SPY ETF.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75