Brainard Says House Republicans Could Avoid A Govt Shutdown, It's In Their Hands; A Shutdown Poses Completely Unnecessary Risk To The U.S. Economy; Economy Has Been Very Resilient; Last Thing We Need Is A Govt Shutdown
Portfolio Pulse from Benzinga Newsdesk
Brainard warns that a government shutdown, which is in the hands of House Republicans, poses an unnecessary risk to the U.S. economy. Despite the economy's resilience, a shutdown is the last thing it needs.
September 29, 2023 | 1:52 pm
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NEGATIVE IMPACT
A potential government shutdown could negatively impact the U.S. economy and, by extension, the SPY ETF, which tracks the S&P 500.
A government shutdown could lead to a slowdown in economic activity, which could negatively impact the performance of the S&P 500 and, by extension, the SPY ETF. The ETF's performance is closely tied to the overall health of the U.S. economy.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 75