Fed Chair Powell Says Fairly Confident We Will Have A Consensus On Basel 3 Rule; I Believe We Will Have A Consensus On Capital Proposal, We Are In Process Of Digesting Comments, Making Appropriate Changes
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell expressed confidence in reaching a consensus on the Basel 3 rule and a capital proposal, noting the process of reviewing comments and making necessary adjustments is underway.
March 07, 2024 | 3:31 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fed Chair Powell's confidence in reaching consensus on Basel 3 and capital proposals may influence market sentiment, potentially impacting SPY as it reflects broader market trends.
Powell's statements on regulatory consensus can affect investor confidence and market stability, which are reflected in broad market indices like SPY. Positive regulatory news tends to improve market sentiment, potentially leading to short-term gains in SPY.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50