The MarketReader Minute
🏦 XLF Climbs 1.5% on Powell’s Dovish Tone; Banks Push for National Standards | Financials Sector Insight
(XLF) advanced 1.5%, boosted by Fed Chair Powell’s dovish remarks at Jackson Hole, which fueled hopes for rate cuts and improved borrowing conditions. U.S. banks are lobbying for national standards in banking services, signaling a potential shift in sector regulation.