Fed Chair Powell Says It Is Possible A Govt Shutdown Could Curtail Some Of The Data We Get, Would Have To Deal With That; It Looks Like We've Had A Bit Of A Turn Of Inflation In June
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chair Powell has stated that a government shutdown could potentially limit the data they receive, and they would have to manage with that. He also noted a slight turn of inflation in June.
September 20, 2023 | 7:12 pm
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NEGATIVE IMPACT
The potential government shutdown and inflation turn could impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to such macroeconomic factors.
The SPY ETF tracks the S&P 500 index, which is sensitive to macroeconomic factors such as government shutdowns and inflation. A government shutdown could disrupt economic activity and data collection, potentially leading to market uncertainty. Additionally, an inflation turn could impact interest rates and the overall economy, which could negatively affect the S&P 500 and, by extension, the SPY ETF.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75