White House's Brainard Says Consumers And Businesses Are Taking Into Account The Cost Of Credit And That Is A Headwind For The Economy
Portfolio Pulse from Benzinga Newsdesk
White House's Lael Brainard stated that consumers and businesses are considering the cost of credit, which is creating a headwind for the economy.
October 26, 2023 | 5:46 pm
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The cost of credit being a headwind for the economy could potentially impact the overall market, represented by SPY.
The cost of credit is a significant factor in the economy. If it's seen as a headwind, it could slow down economic growth, which could negatively impact the overall market, represented by SPY. Therefore, the score is -1, indicating a potential drop.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75