Fed's Williams Says Unemployment To Rise Just Over 4% Next Year
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's John Williams predicts that unemployment will rise to just over 4% next year, according to Reuters.
September 29, 2023 | 4:47 pm
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NEGATIVE IMPACT
The prediction of rising unemployment by Federal Reserve's John Williams may impact the SPY ETF, as it reflects the performance of the S&P 500 Index which is sensitive to economic indicators like unemployment.
The SPY ETF tracks the S&P 500 Index, which is sensitive to economic indicators such as unemployment. A rise in unemployment can indicate a slowing economy, which can negatively impact the performance of the S&P 500 and, by extension, the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75