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SPY

Federal Reserve Chairman Powell stated that market rents take years to fully impact rents for rollover tenants. He expressed confidence that if market rents remain low, this will eventually reflect in measured inflation, although the exact timing is uncertain.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:12 pm

SPY

Federal Reserve Chairman Jerome Powell stated that market rents are currently experiencing minimal increases. This observation could influence the Federal Reserve's decisions on interest rates, which in turn affects the broader economy and financial markets.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:10 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the reversal of supply and demand distortions, along with restrictive monetary policy, are contributing to the reduction of inflation. He acknowledged significant progress in this area, but also emphasized that there is still more work to be done to fully stabilize inflation.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:09 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the current restrictive monetary policy is achieving its intended effects. This statement suggests that the measures taken by the Fed to control inflation and stabilize the economy are working as planned.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:08 pm

SPY

Federal Reserve Chairman Jerome Powell stated that reducing inflation to the 2% target will take time, but he is confident of success. He acknowledged significant progress in the fight against inflation.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:07 pm

SPY

Federal Reserve Chairman Jerome Powell emphasized that the Fed's decisions will remain unaffected by political events, including pending elections, stating these factors do not influence their policy-making process.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:05 pm

SPY

Fed Chair Jerome Powell stated the Federal Reserve is committed to taking necessary actions at appropriate times to maintain economic stability, indicating a flexible approach to future policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:04 pm