U.S. Treasury's Yellen Says U.S. Q2 GDP, Inflation Data On Thursday Affirms That U.S. On Path To Steady Growth, Declining Inflation; Strong U.S. Growth Due To Biden-Harris Administration's Economic Plan, With 15.7M Jobs Created Since Taking Office; Prices Still Too High For Many Americans, Administration Working To Address Cost Pressures In Housing, Healthcare, Energy
Portfolio Pulse from Benzinga Newsdesk
U.S. Treasury Secretary Janet Yellen stated that the Q2 GDP and inflation data affirm the U.S. is on a path to steady growth and declining inflation. The strong growth is attributed to the Biden-Harris administration's economic plan, which has created 15.7 million jobs since taking office. However, prices remain high for many Americans, and the administration is working to address cost pressures in housing, healthcare, and energy.
July 25, 2024 | 2:48 pm
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The SPDR S&P 500 ETF (SPY) may see positive short-term impacts due to the affirmation of steady U.S. growth and declining inflation, as well as the creation of 15.7 million jobs under the Biden-Harris administration.
Positive economic indicators such as steady growth, declining inflation, and significant job creation are likely to boost investor confidence in the broader market, benefiting SPY.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80