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SPY

Fed Chair Jerome Powell stated that progress is being made in reducing inflation and emphasized a strong commitment to achieving a 2% inflation rate over time. This indicates ongoing efforts to stabilize the economy.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:42 pm

SPY

Federal Reserve Chair Jerome Powell announced that the Fed will slow the pace of its balance sheet run-off to ensure a smooth transition and mitigate the risk of money market stress. This move aims to limit the volatility in the money markets.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:40 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that the Fed has discussed slowing the pace of decline in its balance sheet holdings. He mentioned that there is a general consensus to reduce the pace of the runoff soon.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:40 pm

SPY

Federal Reserve Chair Jerome Powell indicated that any unexpected weakness in the labor market could prompt the Fed to adjust its policies. He emphasized that the Fed's projections are not set in stone and that they are prepared to adapt based on economic conditions.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:38 pm

SPY

Fed Chair Powell emphasized the commitment to the dual mandate of controlling inflation and maximizing employment. He stated that the Fed needs greater confidence that inflation is moving sustainably downward before considering rate cuts.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:38 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that the current policy rate is likely at its peak and suggested the possibility of rate cuts later this year. However, he also mentioned the readiness to maintain higher rates for an extended period if necessary.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:37 pm

SPY

Federal Reserve Chairman Jerome Powell stated that inflation remains above the Fed's target, despite having eased notably. This indicates ongoing concerns about inflationary pressures in the economy.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:36 pm

SPY

Fed Chair Powell acknowledges the labor market's tightness but notes an improving balance between supply and demand.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:35 pm

SPY

Fed Chair Powell highlighted that GDP growth has been supported by robust consumer demand and improving supply chains. However, he also noted that elevated interest rates have negatively impacted business fixed income investment.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:35 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the path forward for the U.S. economy remains uncertain, indicating potential volatility in financial markets.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:32 pm