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SPY

Fed Chair Powell acknowledged the high inflation numbers in January but suggested seasonal effects played a role. He stated that the recent inflation data hasn't altered the broader economic narrative.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:45 pm

SPY

Fed Chair Powell indicated that the first rate cut will be significant and emphasized a cautious approach, allowing data to guide decisions. This suggests a data-driven, deliberate process in adjusting monetary policy.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:45 pm

SPY

Fed Chair Jerome Powell highlighted that the current economic risks are two-sided, emphasizing the need for a balanced approach to monetary policy. This statement suggests a cautious stance towards both inflation and economic growth, potentially impacting investor sentiment and market volatility.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:44 pm

SPY

Fed Chair Powell indicated that goods prices are expected to continue adjusting towards a new equilibrium, suggesting ongoing inflationary pressures or adjustments in the economy.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:44 pm

SPY

Fed Chair Jerome Powell expressed some confidence that the housing market will experience lower rent increases over time, although the exact timing remains uncertain.

Portfolio Pulse from Benzinga Newsdesk

March 20, 2024 | 6:42 pm

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