Fed's Goolsbee Warns Of Flashing Yellow Signs As Small Business Defaults And Unemployment Rise, Now Reaching Cautionary Levels
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Goolsbee has issued a warning about increasing small business defaults and rising unemployment, which have now reached cautionary levels. This could signal potential economic challenges ahead.
August 16, 2024 | 5:41 pm
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The warning from Fed's Goolsbee about rising small business defaults and unemployment could negatively impact the SPY ETF, as it reflects broader economic concerns.
The SPY ETF, which tracks the S&P 500, could be negatively impacted by the warning from Fed's Goolsbee. Rising small business defaults and unemployment are indicators of economic distress, which could lead to a broader market downturn.
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