U.S. Markets continued their downward path Friday despite two key policy statements from the nation’s financial regulators:
First, the Federal Reserve’s stress test and sensitivity analyses released just a day earlier. Its assessment yielded positive views regarding the U.S. Banking Sector’s ability to weather the coronavirus pandemic’s economic shocks.
Second, the U.S. financial regulators’ amendment of Dodd-Franck Act’s Section 619, commonly known as the Volcker Rule.The move eases provisions regarding proprietary trading or hedge fund investments for banking entities in of support capital formation.
Nonetheless, U.S. markets reacted negatively at week’s end following both news.
Full article published June 27, 2020 on News Landed.