Fed's Kashkari Says We Have More Work To Do On Making Banks Resilient
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Neel Kashkari has stated that there is more work to be done to make banks more resilient. This could potentially impact the performance of banking and financial sector ETFs.
October 10, 2023 | 7:49 pm
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NEUTRAL IMPACT
The statement by Fed's Kashkari could potentially impact the performance of KBE, a banking ETF.
The statement by Fed's Kashkari indicates that there may be regulatory changes or increased scrutiny on banks, which could impact the performance of banking ETFs like KBE.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The statement by Fed's Kashkari could potentially impact the performance of KRE, a regional banking ETF.
The statement by Fed's Kashkari indicates that there may be regulatory changes or increased scrutiny on banks, which could impact the performance of regional banking ETFs like KRE.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The statement by Fed's Kashkari could potentially impact the performance of SPY, a broad market ETF.
The statement by Fed's Kashkari indicates that there may be regulatory changes or increased scrutiny on banks, which could impact the broader market, and hence ETFs like SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
The statement by Fed's Kashkari could potentially impact the performance of XLF, a financial sector ETF.
The statement by Fed's Kashkari indicates that there may be regulatory changes or increased scrutiny on banks, which could impact the performance of financial sector ETFs like XLF.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70