Powell Says Staff Has Been Briefing Governors On Capital Proposal, But Still There Are Changes, Even This Morning; Will Wait For Final Version To Really Go Through And Evaluate The Proposals
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that staff has been briefing governors on the capital proposal, but changes are still being made. The final version will be evaluated once it's ready.
June 22, 2023 | 3:21 pm
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NEUTRAL IMPACT
The ongoing changes in the capital proposal may cause uncertainty in the market, potentially affecting the SPY ETF in the short term.
The capital proposal is still being modified, which may cause uncertainty in the market. This uncertainty could have a short-term impact on the SPY ETF, as it represents the broader market. However, the extent of the impact will depend on the final version of the proposal and its implications.
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RELEVANCE 50