Streetbeat News

Regulatory

SPY

Federal Reserve's Mester has revised her expectations, stating that she no longer anticipates three rate cuts this year, which could impact market sentiment.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:13 pm

SPY

Federal Reserve's Mester suggests that the neutral interest rate may be higher than previously estimated, and she raised her estimate in March.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:12 pm

SPY

Federal Reserve's Mester stated that the Fed could cut rates if there is an unforeseen deterioration in the real economy. Conversely, if inflation stalls or reverses, the Fed may hold or even raise rates. Mester emphasized the need for careful monitoring of the economy.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:11 pm

SPY

Federal Reserve's Mester believes inflation will decrease but not quickly. She states that current policies are well-positioned to handle risks on either side.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:10 pm

SPY

Federal Reserve's Mester states that monetary policy is moderating demand, but the pace is slower than anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:09 pm

SPY

Federal Reserve's Mester expressed concerns over the lack of progress on inflation but noted that there is no risk in spending more time gathering data due to the strong economy.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:08 pm

SPY

Federal Reserve's Mester stated that she does not consider the timing of potential rate cuts, emphasizing that any decision will depend on progress with inflation.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:07 pm

SPY

Federal Reserve's Mester indicated that the risks of the Fed being too restrictive have decreased in the first part of the year, while inflation risks remain tilted to the upside.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:06 pm

TSLA

Tesla Inc (NASDAQ:TSLA) has started rolling out its Full Self-Driving (FSD) v12.4 update, which removes the 'steering wheel nag' and enhances camera-based driver monitoring. This update aims to improve the driving experience and safety measures.

Portfolio Pulse from Benzinga EV Insights

May 20, 2024 | 6:06 pm

SPY

Federal Reserve's Mester stated that labor markets are becoming better balanced, which is expected to put downward pressure on inflation.

Portfolio Pulse from Benzinga Newsdesk

May 20, 2024 | 6:05 pm