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SPY

Federal Reserve policymakers have revised their projections for the end of 2024, expecting PCE inflation to be at 2.3%, down from 2.6% in June, and core inflation at 2.6%, down from 2.8%. GDP growth is projected at 2.0%, slightly lower than the previous 2.1% forecast.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:08 pm

SPY

The Federal Reserve's projections indicate a median long-term Fed funds rate of 2.9%, with expected rate cuts totaling 200 basis points by 2026. Unemployment is projected to rise to 4.4% by the end of 2024 and 2025.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:07 pm

SPY

The Federal Reserve officials have revised their median projections for the federal funds rate, indicating a decrease over the next few years. The end-2024 rate is now projected at 4.4%, down from 5.1%. For 2025, the rate is expected to be 3.4%, previously 4.1%. By 2026, the rate is projected at 2.9%, slightly down from 3.1%, and it remains at 2.9% for 2027.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:06 pm

SPY

The Federal Reserve reports that inflation is making progress towards the 2% target but remains somewhat elevated. The Fed is more confident in inflation moving sustainably towards this goal, with risks to employment and inflation goals balanced. Future rate adjustments will depend on incoming data and the evolving economic outlook, which remains uncertain.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:02 pm

GLD

SPY

The Federal Reserve has reduced the key overnight interest rate by 50 basis points. This move is likely to impact various financial markets, including equities and commodities.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:00 pm

VTRS

Viatris has announced the pricing terms for its $575 million maximum tender offer for senior notes due in 2026. The offer applies to notes that were validly tendered by the early tender date.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 3:31 pm

SPY

Cleveland Federal Reserve President Loretta Mester suggested in a CNBC interview that there is a strong case for a series of 25 basis point rate cuts by the Fed. This indicates a potential shift in monetary policy aimed at stimulating economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 3:10 pm

SPY

Former Federal Reserve President Bullard suggests that the Fed should cut interest rates by 25 basis points immediately. This recommendation could influence market expectations and impact interest rate-sensitive assets.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 2:14 pm

IWFN

IWM

IYR

PSCD

VB

VNQ

XOP

The Federal Reserve's anticipated interest rate cut is expected to impact small-cap sectors differently. Financials and real estate are likely to benefit, with ETFs like iShares Russell 2000 Financials ETF (IWFN) and Vanguard Real Estate ETF (VNQ) offering potential gains. Consumer discretionary and energy sectors may also see positive effects, with SPDR S&P 600 Small Cap Consumer Discretionary ETF (PSCD) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) as options. Technology and healthcare sectors remain stable but less rate-sensitive.

Portfolio Pulse from Surbhi Jain

September 18, 2024 | 1:34 pm

PROC

Procaps Group has announced updates on its financial restructuring, including $209 million in forbearance agreements and a $5 million shareholder investment. These efforts are part of ongoing strategies to stabilize the company's financial position.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 12:18 pm