Biden Says He Will Speak On Thursday About Economy; Says We Just Reached An Important Moment, Inflation And Interest Rates Are Falling While The Economy Remains Strong
Portfolio Pulse from Benzinga Newsdesk
President Biden announced he will address the nation on Thursday regarding the economy, highlighting a significant moment where inflation and interest rates are declining while the economy remains robust.
September 18, 2024 | 7:32 pm
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POSITIVE IMPACT
The SPDR S&P 500 ETF (SPY) may experience positive sentiment as President Biden highlights a strong economy with falling inflation and interest rates.
The mention of a strong economy with falling inflation and interest rates is likely to boost investor confidence in the broader market, potentially benefiting SPY.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50