Minneapolis Fed President Kashkari Says I Would Be Loathe To Tweak Our Balance Sheet Runoff For The Sake Of Bank Stress
Portfolio Pulse from Benzinga Newsdesk
Minneapolis Fed President, Kashkari, has stated that he would be reluctant to adjust the balance sheet runoff for the sake of bank stress. This statement suggests that the Federal Reserve is not planning to intervene in the current market conditions to alleviate bank stress.
July 12, 2023 | 2:33 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The statement by Minneapolis Fed President, Kashkari, may impact the SPY ETF. His reluctance to adjust the balance sheet runoff could lead to increased market volatility, potentially affecting the value of the SPY ETF.
The Federal Reserve's policies and statements often have a significant impact on the overall market. In this case, Kashkari's reluctance to adjust the balance sheet runoff to alleviate bank stress could lead to increased market volatility. As SPY ETF tracks the S&P 500, it is likely to be affected by these market conditions.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50