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Regulatory

SPY

U.S. Treasury Secretary Yellen stated in a Reuters interview that the 'China Shock' led to a significant loss of manufacturing jobs in the U.S., with some regions yet to recover. She emphasized the need for free trade to benefit the entire country and mentioned the possibility of sanctioning Chinese banks if necessary.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:29 pm

FXI

SPY

VGK

U.S. Treasury Secretary Yellen expressed concerns about global overdependence on China for a range of products, stating that China has agreed to extended discussions on the issue. She highlighted that the overcapacity problem developed over years and won't be solved quickly. Yellen also mentioned that all options are open regarding the U.S. response to this dependency.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:24 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

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Portfolio Pulse from RIPS

April 25, 2024 | 2:20 pm

SPY

VGK

U.S. Treasury Secretary Yellen stated in a Reuters interview that European nations have taken a constructive step regarding frozen Russian assets by segregating profits and agreeing to transfer them to Ukraine. She mentioned that there are multiple options available and aims to present several to G7 leaders.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:18 pm

SPY

In a Reuters interview, U.S. Treasury Secretary Yellen announced an increase in the estimated spending for clean energy tax credits, stating it will enhance the security of the American economy.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:17 pm

SPY

In a Reuters interview, U.S. Treasury Secretary Yellen emphasized the need for a sustainable fiscal path, highlighting that with President Biden's proposed deficit cuts, the real net interest costs would be just over 1% of GDP, a manageable level. She also noted that some deficit reduction has been achieved despite divisions in Congress.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:12 pm

SPY

In a Reuters interview, U.S. Treasury Secretary Yellen stated that the dollar has been strong compared to other currencies, but highlighted divergences with other countries. She emphasized that currency intervention should only occur in rare and exceptional circumstances.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:10 pm

SPY

U.S. Treasury Secretary Yellen stated in a Reuters interview that the U.S. has a strong economy that is boosting global growth. She highlighted President Biden's focus on reducing healthcare costs and drug prices. Additionally, she emphasized the Federal Reserve's primary duty to align monetary policy with price stability.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:07 pm

SPY

U.S. Treasury Secretary Yellen stated in a Reuters interview that the job market is strong and not a source of inflation. She emphasized the need for more evidence of a sustainable decline in inflation, acknowledging Americans' concerns over the high cost of living. President Biden's priority is to reduce these costs.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:05 pm

SPY

U.S. Treasury Secretary Yellen expressed optimism about inflation, noting a downward path, stabilization in rents, and a predicted decrease in housing's inflationary contribution. She also dismissed wage pressures as a source of inflation and does not view the U.S. economy as overheated.

Portfolio Pulse from Benzinga Newsdesk

April 25, 2024 | 2:03 pm