Fed's Williams Says GDP Should Moderate Next Year To About 1.25%
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's John Williams predicts that the GDP growth will moderate to about 1.25% next year.
September 29, 2023 | 4:47 pm
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NEGATIVE IMPACT
The prediction of a slowdown in GDP growth by Federal Reserve's John Williams could potentially impact the overall market, represented by SPY.
The GDP growth rate is a significant indicator of the overall economic health. A slowdown in GDP growth could potentially lead to a decrease in corporate profits, which could negatively impact the stock market. As SPY is a broad market ETF, it could be affected by this news.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75