Fed's Bowman Says Remains Willing To Support Rate Increase At A Future Meeting If Data Indicates Progress On Inflation Has Stalled Or Is Too Slow To Return To It To 2% In A Timely Way; Regulators Seem To Be Engaging In 'Heavy-Handed' Supervision Of Banks
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bowman has indicated willingness to support a rate increase if data shows progress on inflation has stalled or is too slow to return to 2%. Regulators are also seen to be engaging in 'heavy-handed' supervision of banks.
October 02, 2023 | 2:32 pm
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NEGATIVE IMPACT
The 'heavy-handed' supervision of banks could impact the SPDR S&P Bank ETF (KBE), potentially leading to increased regulatory costs and affecting profitability.
The ETF KBE, which tracks the banking sector, could be negatively impacted by increased regulatory scrutiny, which often leads to higher operational costs and can affect profitability.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P Regional Banking ETF (KRE) could also be affected by the 'heavy-handed' supervision of banks, potentially leading to increased regulatory costs.
The ETF KRE, which tracks regional banking, could be negatively impacted by increased regulatory scrutiny, which often leads to higher operational costs.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The potential rate increase indicated by Fed's Bowman could impact the SPDR S&P 500 ETF (SPY), as higher interest rates generally lead to lower stock prices.
The ETF SPY, which tracks the S&P 500, could be negatively impacted by a potential rate increase, as higher interest rates generally lead to lower stock prices.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 70
NEGATIVE IMPACT
The Financial Select Sector SPDR Fund (XLF) could be impacted by both the potential rate increase and the 'heavy-handed' supervision of banks.
The ETF XLF, which tracks the financial sector, could be negatively impacted by both a potential rate increase, which generally leads to lower stock prices, and increased regulatory scrutiny, which can lead to higher operational costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 85