Fed's Kashkari Says Fed's Balance Sheet Runoff Is Going Well
Portfolio Pulse from Benzinga Newsdesk
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, stated that the Fed's balance sheet runoff is proceeding smoothly. This indicates a controlled reduction in the Fed's asset holdings, which could impact market liquidity and interest rates.
May 15, 2024 | 4:29 pm
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NEUTRAL IMPACT
The statement by Neel Kashkari about the Fed's balance sheet runoff proceeding smoothly suggests a controlled reduction in the Fed's asset holdings. This could impact market liquidity and interest rates, potentially affecting the SPY ETF.
The Fed's balance sheet runoff can influence market liquidity and interest rates, which in turn can affect the SPY ETF. However, the statement indicates a controlled process, suggesting a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50