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SPY

Federal Reserve Chair Jerome Powell indicated that if the economy progresses as anticipated, there could be two more interest rate cuts this year, totaling 50 basis points. He noted that while the labor market remains solid, it has shown signs of cooling and does not require further cooling.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:17 pm

SPY

Fed Chair Powell indicated that the current job creation rate may not sustain the unemployment rate due to rising supply. The Fed is not rushing to cut rates and will be guided by upcoming data, including two employment reports and an inflation report before the November meeting.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 6:12 pm

BAC

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CADE

GS

MTB

PB

RF

USB

WFC

Morgan Stanley anticipates significant gains for certain banks due to recent and potential future Federal Reserve rate cuts. Midcap banks like Prosperity Bancshares and Cadence Bank are expected to benefit from net interest margin expansions. Large-cap banks such as Citigroup, Goldman Sachs, and Bank of America are also poised for gains due to increased capital markets revenues and buybacks.

Portfolio Pulse from Vandana Singh

September 30, 2024 | 6:06 pm

SPY

Fed Chair Powell expressed confidence that inflation is on a sustainable path to 2%, with disinflation being broad-based. A 50 basis points rate cut reflects confidence in maintaining labor market strength and achieving inflation goals.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 5:57 pm

SPY

Federal Reserve's Goolsbee indicates that inflation is nearing the target, suggesting a clear case for cutting interest rates. He emphasizes that this decision is not influenced by political factors.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:54 pm

SPY

Federal Reserve's Goolsbee suggests that there will be numerous rate cuts in the future. This statement could influence market expectations and investor sentiment regarding interest rates.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:53 pm

SPY

The Federal Reserve, according to Goolsbee, is cutting interest rates as the economy has normalized and the job market is stable. The focus is on easing rates, despite cautionary indicators in the job market. The Fed aims to act proactively rather than waiting for the job market to weaken.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:52 pm

SPY

Fed's Bostic is open to a half-percentage-point rate cut if the labor market weakens unexpectedly. He expects an orderly easing with slowing inflation and a stable job market. Bostic is cautious about inflation due to the core PCE price index at 2.7% and will monitor jobs data closely.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 4:25 pm

MSFT

The article provides a comprehensive comparison of Microsoft (NASDAQ:MSFT) against its competitors in the software industry, focusing on financial metrics, market position, and growth prospects. Microsoft is highlighted as having a lower P/E and P/B ratio, indicating potential undervaluation, but a higher P/S ratio, suggesting possible overvaluation. Despite a lower ROE, Microsoft's strong EBITDA, gross profit, and revenue growth demonstrate robust profitability and market expansion. Additionally, Microsoft's lower debt-to-equity ratio indicates a stronger financial position compared to its peers.

Portfolio Pulse from Benzinga Insights

September 30, 2024 | 3:00 pm

FEAM

5E Advanced Materials, Inc. (NASDAQ:FEAM) has received a non-binding Letter of Interest from the U.S. Export-Import Bank for potential debt financing of up to $285 million. This funding would support the development of 5E's Boron Americas Complex, which is recognized as Critical Infrastructure.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 1:07 pm