Streetbeat News

Regulatory

SPY

Fed's Goolsbee highlights concerns over rising delinquencies in the economy, stating that while current levels are similar to pre-COVID times, such measures historically signal potential issues. Emphasizing a forward-looking policy approach, he indicates the Fed's intent to preemptively address economic challenges.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:15 pm

KBE

KRE

SPY

XLF

Fed's Goolsbee expressed confidence in the adequacy of banks' capital, emphasizing that balance sheet decisions are distinct from monetary policy. This statement could influence perceptions of the banking sector's stability and the broader financial market.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:07 pm

AMZN

GOOG

GOOGL

META

SNAP

SPY

VGK

The House of Representatives has garnered sufficient votes to move forward with legislation concerning aid to Ukraine and bills targeting TikTok. This development could have implications for tech companies, especially those involved in social media and digital platforms, as well as broader market indices.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 3:00 pm

SPY

Fed's Goolsbee emphasizes the importance of relying on data to determine the future direction of monetary policy, stating that speculation on rate adjustments is unproductive. He highlights that policy restrictiveness will be data-dependent.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:53 pm

SPY

Fed's Goolsbee highlights the discrepancy between official housing inflation data and market rents, indicating openness to rate hikes if necessary, stating 'Don't think anything is not on the table'.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:51 pm

SPY

Fed's Goolsbee expressed confidence in reducing inflation to 2% over a 'reasonable' period, indicating a potential impact on monetary policy and market expectations.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:45 pm

SPY

Fed's Goolsbee warns that maintaining the current level of monetary restrictiveness could negatively impact jobs, highlighting the difficult policy tradeoffs faced this year.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:41 pm

SPY

Fed's Goolsbee indicates that achieving the 'Golden Path' of economic stability and growth without triggering inflation or a recession is becoming more challenging for 2024. This outlook may influence monetary policy decisions, potentially affecting market sentiment and investor strategies.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:38 pm

SPY

Fed's Goolsbee indicates not all data show labor-market overheating, suggesting a 'wait and see' approach on inflation, implying a potential recalibration of Fed policies.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:35 pm

SPY

Austan Goolsbee of the Federal Reserve stated that it will take longer than anticipated to reduce inflation to the 2% target. This comment suggests a potentially prolonged period of tight monetary policy, which could impact interest rates and economic growth.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:34 pm