Fed's Powell Asked About Basel 3, Says Fed Is Committed To Completing The Process And Carrying Out Basel 3 End Game; We Haven't Made Any Decisions On Policy Or Process For That; If We Conclude Though That Re-proposal Is Appropriate, We Would Do That
Portfolio Pulse from Benzinga Newsdesk
Fed Chair Powell stated the Federal Reserve's commitment to completing Basel 3 regulations, emphasizing no decisions on policy or process have been made yet. He mentioned the possibility of re-proposal if deemed appropriate.
May 01, 2024 | 7:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
The SPDR S&P 500 ETF Trust (SPY) may experience indirect impact due to Powell's comments on Basel 3, as regulatory changes can affect market sentiment and financial sector performance.
While Powell's statement directly pertains to regulatory frameworks, it indirectly impacts market sentiment and the financial sector, which are significant components of SPY's portfolio. However, without specific policy decisions or details, the immediate impact on SPY remains speculative and thus is scored as neutral.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50