Yellen Says Biden Has Proposed Deficit Reduction Plans; Says We Will Put Forth Fiscal Plans That Will Keep Deficit Management, Interest Costs Well Below 2% Of GDP
Portfolio Pulse from Benzinga Newsdesk
According to Bloomberg TV, Yellen has stated that Biden has proposed deficit reduction plans. These fiscal plans are expected to keep deficit management and interest costs well below 2% of GDP.
October 26, 2023 | 5:43 pm
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NEUTRAL IMPACT
The proposed deficit reduction plans by Biden, as stated by Yellen, could potentially impact the SPY ETF. The plans aim to keep deficit management and interest costs below 2% of GDP.
The proposed deficit reduction plans could potentially impact the overall economy, which in turn could affect the SPY ETF. However, the direct impact on SPY is not explicitly mentioned in the news, hence the neutral score and moderate relevance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50