Dallas Fed Services Revenues For September 8.7 Vs 16.2 Prior
Portfolio Pulse from Benzinga Newsdesk
The Dallas Fed Services Revenues for September have been reported at 8.7, a significant decrease from the previous figure of 16.2.
September 26, 2023 | 2:30 pm
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NEGATIVE IMPACT
The reported decrease in Dallas Fed Services Revenues may impact the SPY ETF, as it reflects a slowdown in the economy.
The Dallas Fed Services Revenues is a key economic indicator. A decrease in this figure suggests a slowdown in the economy, which could negatively impact the performance of the SPY ETF, which tracks the S&P 500 and is heavily influenced by the overall state of the US economy.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75