Fed's Logan Says Some Industries Still Have Supply Chain Issues, May Take Some Time To Heal
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Logan highlighted that certain industries are still grappling with supply chain issues, indicating that it may take a while for these problems to fully resolve.
February 09, 2024 | 7:20 pm
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NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) could see short-term volatility as Logan's comments on supply chain issues may affect investor sentiment towards industries within the S&P 500.
Since SPY tracks the S&P 500, any prolonged supply chain issues in key industries could lead to uncertainty and short-term volatility in the ETF's performance. However, the overall impact might be moderated by the diverse nature of the S&P 500's composition.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75