Fed's Waller Says Slowing Of Economy Will Have An Impact On Credit Delinquencies, And Earnings; Those Are Signs Of Moderating Demand As The Fed Intends
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Governor Christopher J. Waller indicated that the slowing of the economy is expected to affect credit delinquencies and earnings, which are signs of moderating demand in line with the Fed's intentions.
November 28, 2023 | 3:32 pm
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NEGATIVE IMPACT
As the Fed's actions to slow the economy may lead to increased credit delinquencies and lower earnings, this could result in bearish sentiment for SPY, an ETF that tracks the S&P 500.
The SPY ETF is a broad market indicator, and Governor Waller's comments suggest a potential economic slowdown. This could lead to lower corporate earnings and higher credit delinquencies, both of which are negative for stock market performance. As SPY tracks the performance of the S&P 500, it is likely to be negatively impacted in the short term by these macroeconomic factors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80