Fed's Daly Says By And Large Most Banks Are Monitoring Their Interest Rate Risk; Bank Runs Can Now Happen At Accelerated Pace
Portfolio Pulse from Benzinga Newsdesk
Fed's Daly highlights that most banks are monitoring their interest rate risk effectively, but warns that bank runs can occur more rapidly in the current environment.
October 15, 2024 | 4:13 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The SPDR S&P 500 ETF (SPY) may experience volatility due to concerns about bank stability and interest rate risks as highlighted by Fed's Daly.
Fed's Daly's comments on interest rate risks and potential for rapid bank runs could lead to market uncertainty, affecting broad market ETFs like SPY. However, the direct impact on SPY is moderate as it is a diversified ETF.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50