U.S. Treasury's Yellen Says U.S. Will Pursue Economic Integration With Indo-Pacific While Still Protecting National Security Interests Through Targeted Actions Where Necessary
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen has stated that the U.S. will pursue economic integration with the Indo-Pacific region, while still protecting national security interests through targeted actions where necessary.
November 02, 2023 | 1:50 pm
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NEUTRAL IMPACT
The announcement by U.S. Treasury Secretary Janet Yellen may impact the SPY ETF, as it tracks the S&P 500 index which includes companies that could be affected by the economic integration with the Indo-Pacific region.
The SPY ETF tracks the S&P 500 index, which includes a broad range of companies. Some of these companies may be affected by the economic integration with the Indo-Pacific region, either positively or negatively, depending on the specifics of the integration and the sectors they operate in. Therefore, there could be a potential impact on the SPY ETF, but it is uncertain at this stage.
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