Streetbeat News

Regulatory

SPY

Federal Reserve Chairman Jerome Powell stated that Quantitative Tightening (QT) may be playing a minor role in the rise of longer-term rates. He also mentioned that reserves are not scarce at this point. Regarding new regulations, Powell assured that they will reach a package that has broad support.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:04 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the current rate-hike cycle is nearing its end, indicating that the policy is restrictive and its effects are visible. He also mentioned that there are no plans to change the pace of balance sheet runoff.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:02 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Federal Open Market Committee (FOMC) will be discussing the full range of economic data, including financial conditions, in their upcoming meeting. He also noted that they are seeing elevated potential growth.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:00 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the 'Dot Plot' is a snapshot of appropriate policy based on policymakers' personal views at a given time. He also noted that the efficacy of the Dot Plot decays during the inter-meeting period, but the Fed aims to maintain transparency in its thinking.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:58 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed has slowed down its process this year to gain a better understanding of what further actions may be needed. The statement was made during a FOMC press conference.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:56 pm

SPY

Federal Reserve Chairman Jerome Powell stated that he and his colleagues believe that slower growth and a softening labor market are likely. He also mentioned the difficulty in predicting the length of policy lags and the need to make policy under great uncertainty.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:56 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is focused on achieving a sufficiently restrictive stance of policy. He acknowledged that high inflation is painful for people and noted that supply side gains have been beneficial but will eventually run their course.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:55 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the best action for the U.S. is to fully restore price stability with minimal damage. He expressed satisfaction with the significant progress made without a spike in unemployment.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:53 pm

SPY

Federal Reserve Chairman Jerome Powell indicated that the central bank is considering more rate hikes due to the risks in the market. However, he also noted that progress is being made on labor market and inflation, and the focus is on making policy sufficiently restrictive.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:50 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is not considering or discussing rate cuts. Instead, the focus is on whether the current policy is sufficiently restrictive and how long to maintain this restrictive policy. Rate cuts have not been a topic of discussion.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:49 pm