Fed's Bostic Says Hurricanes Helene And Milton Potentially Have Significant Implications For Economy Over Next Three To Six Months
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bostic highlights that Hurricanes Helene and Milton could have significant economic implications over the next three to six months. This could affect various sectors and potentially impact market indices.
October 08, 2024 | 5:10 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to potential economic disruptions caused by Hurricanes Helene and Milton, as highlighted by Fed's Bostic.
SPY, representing the S&P 500, could be affected by economic disruptions from the hurricanes. Bostic's comments suggest potential market volatility, but the exact impact on SPY is uncertain, leading to a neutral short-term score.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50