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SPY

Federal Reserve Chairman Jerome Powell indicated that the labor market is rebalancing, suggesting that the tight labor conditions may be easing. This statement could have implications for future monetary policy decisions, as the Fed has been closely monitoring labor market tightness in its efforts to control inflation.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:55 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that once the current economic momentum fades, the impact of the Fed's restrictive policies will likely become more pronounced. This suggests that the central bank's efforts to curb inflation could lead to a sharper economic slowdown in the future.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:54 pm

SPY

Federal Reserve Chairman Jerome Powell attributed much of the current economic growth to improvements in the labor market and the resolution of supply chain issues. He indicated that the economy is experiencing a post-pandemic healing process.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:53 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the U.S. has not yet achieved a 'soft landing' in the economy, indicating that there is still progress to be made. He expressed encouragement over the progress thus far but clarified that they are not declaring victory in managing the economic slowdown without triggering a recession.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:51 pm

SPY

Fed Chair Powell stated that there was no proposal to cut rates at the recent meeting, and September's forecasts reflect the FOMC's current stance. He emphasized that a rate cut was not actively considered and there is a significant range of opinions within the committee.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:50 pm

SPY

Fed Chair Jerome Powell indicated that in a scenario where the economy remains healthy with a strong labor market, the Federal Reserve can afford to be cautious regarding the timing of interest rate cuts. This suggests a careful approach to monetary policy adjustments to avoid disrupting a stable economic environment.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:47 pm

SPY

Fed Chair Powell indicated that while the Fed is not aiming for a decrease in employment, they are prepared to cut interest rates if there is an unexpected weakening in the labor market. This suggests a readiness to adjust monetary policy to maintain economic stability.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:46 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that the central bank is carefully balancing the risks of acting too soon against those of acting too late in terms of monetary policy adjustments. The timing of any potential interest rate cuts will be closely tied to the Fed's confidence in the economic outlook.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:45 pm

SPY

Fed Chair Powell emphasized that as inflation decreases, real interest rates theoretically increase, but monetary policy cannot be adjusted mechanically. The Fed is currently prioritizing risk management in its approach to policy decisions.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:44 pm

SPY

U.S. Senate Republican Leader Mitch McConnell has indicated that a border security bill currently being negotiated is an improvement over the existing law, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 7:43 pm