Treasury Secretary Yellen Says 'not A Penny Has Been Spent' From Unfrozen Iranian Funds In Qatar
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen has stated that no funds from the unfrozen Iranian assets in Qatar have been spent. The impact of this news on the market and specifically on SPY is uncertain.
October 13, 2023 | 5:51 pm
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NEUTRAL IMPACT
The news about the unfrozen Iranian assets in Qatar has been confirmed by Treasury Secretary Yellen. However, it's unclear how this will affect SPY in the short term.
The news about the unfrozen Iranian assets could potentially influence the market, and therefore SPY, depending on how these funds are used in the future. However, since no funds have been spent yet, the immediate impact is uncertain.
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