Fed's Kashkari Says I'm Optimistic We Can Shrink The Fed's Balance Sheet Back To The Pre-Crisis Trend Line
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has expressed optimism about the possibility of shrinking the Fed's balance sheet back to the pre-crisis trend line.
October 10, 2023 | 7:23 pm
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NEUTRAL IMPACT
The statement by Fed's Kashkari about reducing the balance sheet could impact the SPY ETF, as it tracks the S&P 500 index which is sensitive to Fed's monetary policy.
The SPY ETF tracks the S&P 500 index, which is sensitive to changes in the Federal Reserve's monetary policy. If the Fed reduces its balance sheet, it could lead to changes in interest rates, which could in turn affect the value of the SPY ETF. However, the exact impact is uncertain and depends on various factors, including the pace and extent of the balance sheet reduction.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50