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SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is examining whether inflation is still broadly cooling and validating the path observed over the summer. He noted that similar periods have been seen before, but the data has typically bounced back.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:17 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the September reading on the Employment Cost Index was very close to internal expectations. He also mentioned that wages are not the principal driver of inflation so far, and the Fed is still trying to gain confidence in the appropriate stance.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:15 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is taking more time to analyze data before deciding on its policy stance. He also noted that wage increases have significantly decreased over the last 18 months, aligning more closely with a 2% inflation rate.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:14 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the public believes inflation will decrease, which is crucial for winning the battle against inflation. He also mentioned that within a range of estimates of the neutral rate, the policy is restrictive.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:12 pm

SPY

Federal Reserve Chairman Jerome Powell stated that allowing higher inflation expectations to become embedded would lead to misery. He reassured that inflation expectations are currently in a good place and there's no crack in that armor.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:10 pm

SPY

Federal Reserve Chairman Jerome Powell stated that it will take some time for inflation to decrease, but progress is being made. He also mentioned that policy has advanced enough that risks are now more balanced.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:09 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the current rate hikes are not materially changing the economic picture. He also mentioned that the bank stress is being monitored and that inflation progress will be uneven.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:06 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed does not consider long-term Treasury rates in isolation, but as part of a broader picture. He also mentioned that the Fed has been working closely with financial firms to ensure they have robust funding plans and expressed confidence in the resilience of the banking system.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:05 pm

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