Fed's Harker Says Always A Chance Of Recession But Doesn't Expect A Downturn
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Patrick Harker stated that there's always a chance of recession, but he does not anticipate a downturn in the near future. This statement could influence the performance of the SPY ETF, which tracks the S&P 500 and is often used as a barometer of the overall U.S. economy.
October 13, 2023 | 1:38 pm
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Harker's statement about not expecting a recession could lead to increased confidence in the U.S. economy, potentially boosting the performance of the SPY ETF.
The SPY ETF is often used as a barometer of the overall U.S. economy. Therefore, positive statements about the economy from Federal Reserve officials, like Harker, can influence the performance of this ETF. In this case, Harker's statement about not expecting a recession could lead to increased confidence in the U.S. economy, potentially boosting the performance of the SPY ETF.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75