Yellen Says More Of These Jobs Are Being Created In Communities That Have Had Less Economic Opportunity; Says Americans Will See That Good Opportunities Are Being Created For Them
Portfolio Pulse from Benzinga Newsdesk
According to Bloomberg TV, Treasury Secretary Janet Yellen stated that more jobs are being created in communities that have had less economic opportunity. She also mentioned that Americans will see that good opportunities are being created for them.
October 26, 2023 | 5:37 pm
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POSITIVE IMPACT
The statement by Treasury Secretary Janet Yellen about job creation in economically disadvantaged communities may have a positive impact on the overall market, represented by SPY.
Job creation in economically disadvantaged communities can lead to increased consumer spending and economic growth, which can positively impact the overall market. As SPY is a broad market ETF, it can be positively affected by this news.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50