Fed's Waller: Changes In Credit Since SVB Failure "In Line" With What Was Happening Before That Due To Fed Rate Increases; Says "Still Not Clear" Recent Bank Failures Had A Material Effect On Credit Conditions
Portfolio Pulse from Benzinga Newsdesk
Fed's Waller states that changes in credit since the SVB failure are in line with what was happening before due to Fed rate increases, and it's still unclear if recent bank failures had a material effect on credit conditions.
June 16, 2023 | 11:46 am
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Fed's Waller's comments on credit conditions and bank failures may not have a significant short-term impact on the S&P 500 ETF (SPY) as the situation remains unclear.
Fed's Waller mentioned that the changes in credit conditions since the SVB failure are in line with previous trends due to Fed rate increases. He also stated that it's still unclear if recent bank failures had a material effect on credit conditions. As the situation remains uncertain, it may not have a significant short-term impact on the S&P 500 ETF (SPY).
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