Fed's Powell Says Budget Deficit Very Large And Unsustainable; Sooner Or Later It Needs To Be Tackled, Better Sooner
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the U.S. budget deficit is very large and unsustainable, emphasizing the need for it to be addressed sooner rather than later.
July 02, 2024 | 2:14 pm
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Federal Reserve Chairman Jerome Powell's comments on the unsustainable U.S. budget deficit could lead to market volatility, impacting the SPDR S&P 500 ETF (SPY).
Powell's comments on the budget deficit may lead to concerns about fiscal policy and economic stability, potentially causing short-term market volatility and impacting SPY.
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