Fed Governor Lisa Cook Said Persistent Inflationary Pressures, Unexpected Policy Rate Increases Abroad Are Among Risks To Global Financial System; Further Slowdown In China Could Worsen Financial Stresses, With Possible International Spillovers
Portfolio Pulse from Charles Gross
Federal Reserve Governor Lisa Cook has highlighted persistent inflationary pressures and unexpected policy rate increases abroad as potential risks to the global financial system. She also noted that a further slowdown in China could exacerbate financial stresses, leading to possible international spillovers.
November 08, 2023 | 10:43 am
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NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be negatively impacted by a further slowdown in China, as highlighted by Fed Governor Lisa Cook.
The iShares China Large-Cap ETF (FXI) tracks the performance of an index composed of large-cap Chinese equities. A slowdown in China's economy, as warned by Fed Governor Lisa Cook, could lead to a decrease in the value of these equities, thereby negatively impacting the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF (SPY) could face volatility due to the potential risks to the global financial system highlighted by Fed Governor Lisa Cook.
The SPDR S&P 500 ETF (SPY) tracks the performance of the S&P 500 Index. Persistent inflationary pressures and unexpected policy rate increases abroad, as highlighted by Fed Governor Lisa Cook, could lead to increased market volatility, potentially impacting the ETF.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70