Fed's Logan Says So Far Economic Cost Of Middle East Have Been Very Limited, But Sensitive To Risks
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Logan stated that the economic costs of Middle East tensions have been very limited so far, but he remains sensitive to the risks.
November 07, 2023 | 6:39 pm
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NEUTRAL IMPACT
The SPY ETF, which tracks the S&P 500, may be impacted by Logan's comments as they reflect the Fed's view on potential economic risks from Middle East tensions.
The SPY ETF tracks the S&P 500, a broad measure of the US stock market. Logan's comments reflect the Federal Reserve's view on potential economic risks, which could impact investor sentiment and thus the SPY ETF. However, as he stated that the economic costs have been very limited so far, the immediate impact on SPY may be neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50