Fed's Bowman Says Risk Of Litigation Post-Chevron Ruling Is Already Chilling Regulatory Agencies And Is An "Excellent Influence" On Overreach; Hard For Fed To Measure The Impact Of Immigration On The Labor Market
Portfolio Pulse from Benzinga Newsdesk
Fed's Bowman comments on the chilling effect of litigation risk on regulatory agencies following the Chevron ruling, describing it as a positive influence on preventing overreach. Additionally, Bowman notes the difficulty for the Fed in measuring immigration's impact on the labor market.
September 24, 2024 | 1:56 pm
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The SPY ETF, representing the S&P 500, may experience indirect effects from Bowman's comments on regulatory overreach and labor market challenges, as these factors can influence broader economic conditions.
Bowman's comments on regulatory overreach and labor market challenges could influence economic conditions, indirectly affecting SPY. However, the direct impact on SPY is limited, leading to a neutral short-term outlook.
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