Fed Chair Powell Says Reverse Repo Facility Has Shrunk Since March, Doesn't Account For Decline In Bank Deposits
Portfolio Pulse from Happy Mohamed
Federal Reserve Chair Jerome Powell stated that the reverse repo facility has shrunk since March and does not account for the decline in bank deposits.
June 22, 2023 | 3:26 pm
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NEUTRAL IMPACT
Fed Chair Powell's statement on reverse repo facility shrinking since March may have a neutral impact on KBE.
As the reverse repo facility is not directly linked to the decline in bank deposits, the impact on KBE, a bank ETF, is expected to be neutral.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Fed Chair Powell's statement on reverse repo facility shrinking since March may have a neutral impact on KRE.
As the reverse repo facility is not directly linked to the decline in bank deposits, the impact on KRE, a regional banking ETF, is expected to be neutral.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Fed Chair Powell's statement on reverse repo facility shrinking since March may have a neutral impact on SPY.
As the reverse repo facility is not directly linked to the decline in bank deposits, the impact on SPY, an S&P 500 ETF, is expected to be neutral.
CONFIDENCE 75
IMPORTANCE 25
RELEVANCE 25
NEUTRAL IMPACT
Fed Chair Powell's statement on reverse repo facility shrinking since March may have a neutral impact on XLF.
As the reverse repo facility is not directly linked to the decline in bank deposits, the impact on XLF, a financial sector ETF, is expected to be neutral.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50