Streetbeat News

Regulatory

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

SPY

Fed's Goolsbee highlights persistently high housing inflation as the main short-run problem, indicating more room for progress on services inflation through labor supply increases. The focus is on determining the future course of action.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:31 pm

JNJ

KVUE

The WHO is set to issue a global alert about contaminated Johnson & Johnson children's cough syrup, with tainted batches found in Nigeria. The issue traces back to a batch from South Africa, now under Kenvue Inc's purview after a spin-off. Despite the recall in six African countries, no adverse effects have been reported. Investigations are ongoing, with a focus on raw material sources and potential counterfeits. JNJ shares slightly rose by 0.35%.

Portfolio Pulse from Vandana Singh

April 19, 2024 | 2:17 pm

CAN

Canaan has filed a shelf registration statement with the SEC, emphasizing that it is a standard procedure to prepare for future strategic needs. The company clarifies that this does not necessarily mean they will offer or sell securities immediately, as the registration has not yet become effective. The terms of any offerings will depend on market conditions and will be detailed in future prospectus supplements.

Portfolio Pulse from Benzinga Newsdesk

April 19, 2024 | 2:15 pm