Streetbeat News

Regulatory

SPY

Federal Reserve Chairman Jerome Powell indicated that there could be a significant increase in the potential economic output, which may influence future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 7:00 pm

SPY

Federal Reserve Chairman Jerome Powell stated that it is uncertain whether productivity will consistently exceed its trend level. This comment suggests ongoing uncertainty regarding economic growth and inflation, which could influence the Federal Reserve's future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:59 pm

SPY

Fed Chair Powell dismissed concerns about stagflation in the U.S., emphasizing confidence in returning inflation to the 2% target. He questioned the basis of stagflation discussions, highlighting that current U.S. data does not support such a scenario.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:58 pm

SPY

Federal Reserve Chairman Jerome Powell expressed uncertainty regarding interest rate cuts this year, citing doubts about whether inflation will decrease sufficiently to warrant such actions. Powell's comments reflect a cautious stance on the future direction of monetary policy amid ongoing inflation concerns.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:57 pm

SPY

Federal Reserve Chairman Jerome Powell announced that with inflation decreasing to below 3%, the Fed is shifting its focus back to its employment goals. This suggests a potential easing of aggressive interest rate hikes, which have been a key tool in combating high inflation rates.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:56 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the economy has been challenging for forecasters to predict, indicating that future interest rate decisions will be data-dependent. He mentioned that there are scenarios where rates could either be cut or not cut, emphasizing the uncertainty and the reliance on upcoming economic data for decision-making.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:55 pm

SPY

Fed Chair Powell announced plans to slow the balance sheet runoff to ensure a smooth process and avoid market turmoil, similar to past experiences. This move is aimed at stabilizing financial markets by carefully managing the reduction of the Federal Reserve's balance sheet.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:53 pm

SPY

Fed Chair Powell indicated that there are significant delays in the reflection of lower market rents in economic data. He emphasized that the primary tool for monetary policy remains interest rates, suggesting a continued focus on managing inflation and economic stability through rate adjustments.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:53 pm

SPY

Federal Reserve Chair Jerome Powell stated that since December, there has been higher goods and housing inflation than expected. However, he anticipates inflation will decrease this year, though his confidence in this prediction is lower than before.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:52 pm

SPY

Fed Chair Powell noted that since December, there has been higher goods and housing inflation than expected, but he anticipates inflation will decrease throughout the year.

Portfolio Pulse from Benzinga Newsdesk

May 01, 2024 | 6:52 pm