Fed's Kashkari Says The Level Of Excess Consumer Savings Is Still A Question Mark
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has expressed uncertainty about the level of excess consumer savings, according to Reuters.
October 10, 2023 | 7:54 pm
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NEUTRAL IMPACT
The level of excess consumer savings could impact the overall economy, potentially affecting the SPY ETF.
The level of excess consumer savings can influence consumer spending, which is a major component of the economy. Changes in the economy can impact the performance of the SPY ETF, which tracks the S&P 500.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50