Fed's Bowman Says Important To Recognize There Are Downsides To Discount Window Borrowing; You Do Need To Be Signed Up For It And Probably Need To Test; Don't Necessarily Need To Preposition Collateral At Discount Window
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve's Bowman highlights the downsides of borrowing from the discount window, emphasizing the need for banks to be signed up and possibly test it, without necessarily prepositioning collateral.
September 26, 2024 | 1:41 pm
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NEUTRAL IMPACT
The Federal Reserve's comments on the discount window could influence market sentiment, potentially affecting SPY as it reflects the broader market.
Bowman's comments on the discount window may affect market sentiment, which could influence SPY. However, the direct impact is uncertain, leading to a neutral short-term outlook.
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