Streetbeat News

Regulatory

SPY

Fed Chair Jerome Powell highlighted the potential of AI to boost productivity, which could have broad implications for the economy and markets.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:50 pm

SPY

Fed Chair Powell highlighted the risks associated with adjusting interest rates too quickly or delaying changes. He emphasized that acting prematurely could be particularly disruptive.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:41 pm

SPY

Fed Chair Powell announced that the economy is rebalancing, particularly in interest-sensitive sectors like housing, due to a recovery on the supply side that is stimulating both new demand and supply.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:38 pm

SPY

Fed Chair Powell stated that he believes monetary policy is effectively working, indicating a potential impact on market sentiment and investor confidence.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:37 pm

SPY

Fed Chair Powell announced that monetary policy is currently tight, indicating a significant progress in the labor market towards achieving a better balance. This statement suggests that the Federal Reserve's efforts to manage inflation and employment are having the intended effects.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:28 pm

TLRY

Tilray Brands, Inc. (NASDAQ:TLRY) shares have surged over 45% in the past month, driven by cannabis legalization in Germany, potential U.S. marijuana rescheduling, and a favorable ruling in Florida for a recreational marijuana ballot. Additionally, Tilray's Medical division published a study on medical cannabis reducing prescription opioid use, underscoring the company's commitment to medical research. The stock's positive momentum is also supported by its performance relative to its 200-day moving average, indicating bullish investor sentiment.

Portfolio Pulse from Erica Kollmann

April 03, 2024 | 4:26 pm

SPY

Fed Chair Powell clarified that the Federal Reserve does not aim to be a climate policymaker. Its role regarding climate change is limited to bank supervision, which may eventually encompass climate-related financial risks.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:13 pm

SPY

Fed Chair Powell stated that the economic outlook remains uncertain, with risks on both sides of its mandate. However, these risks are moving into better balance. The Fed believes the policy rate is likely at its peak for this cycle, emphasizing the importance of avoiding 'mission creep' to maintain public trust.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:13 pm

SPY

Fed Chair Powell stated it's too early to determine if recent inflation readings are more than a temporary increase. The Fed plans to allow incoming data to guide its policy decisions, emphasizing that decisions are made on a meeting-by-meeting basis. Despite recent job gains and inflation readings being higher than expected, Powell believes they do not significantly alter the overall economic outlook.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:11 pm

SPY

Fed Chair Powell indicated that if the economy progresses as anticipated, most FOMC participants believe it may be appropriate to start reducing the policy rate later this year. However, this decision hinges on gaining more confidence that inflation is on a sustainable path back to the 2% target.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:11 pm