Fitch Analyst Says After Ousting Of U.S. House Speaker, Brinkmanship Around Government Funding Negotiations Will Likely Remain Tense; Government Shutdown Later This Year Cannot Be Ruled Out
Portfolio Pulse from Benzinga Newsdesk
A Fitch analyst predicts that the ousting of the U.S. House Speaker will likely result in tense negotiations around government funding, and a government shutdown later this year cannot be ruled out.
October 04, 2023 | 7:11 pm
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NEGATIVE IMPACT
The potential government shutdown could impact the overall market, represented by SPY, due to increased uncertainty and potential economic slowdown.
Government shutdowns typically lead to increased market volatility and can slow economic growth, which would negatively impact the overall market, represented by SPY. The relevance is high as SPY represents the overall market, and the importance is also high due to the potential economic impact. The confidence is slightly lower due to the uncertainty around whether a shutdown will actually occur.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75