Streetbeat News

Regulatory

SPY

Federal Reserve's Barkin has stated that he is unsure if the Federal Reserve has reached the peak of its hike cycle.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:32 pm

SPY

Federal Reserve's Barkin has stated that financial conditions are volatile and are not a policy variable. This statement could potentially impact the market's perception of the Federal Reserve's future actions.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:31 pm

SPY

Federal Reserve's Barkin stated that rate cuts are still a ways off in his mind. He expressed hope and expectation to see more progress in lowering inflation. He also mentioned that he is not spending time thinking about government borrowing costs, but the size of deficits deserves attention.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:29 pm

SPY

Federal Reserve's Barkin has stated that office and older office real estate are under pressure, according to Reuters. This could potentially impact the real estate market and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:27 pm

SPY

Federal Reserve's Barkin has stated that middle-income consumers are reducing their spending, while high-end consumers are not. He also mentioned that the consumer economy is likely in a normal place and expressed satisfaction with recent productivity data.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:26 pm

SPY

Federal Reserve's Barkin has stated that he is focused on understanding the behavior of price setters. He noted that there is some evidence that price setters are seeing declining power, but many still have it. Barkin also acknowledged the frustration over the state of the real estate market and mentioned that lower-end consumers are changing their spending habits.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:24 pm

SPY

Federal Reserve's Barkin commented that he believes markets should respond to incoming economic data, expressing skepticism that a 25 basis point cut could solve all world's problems.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:23 pm

SPY

Federal Reserve's Barkin stated that the Fed needs more data before making the next rate decision. The focus is on seeing inflation come down.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 2:22 pm

CURLF

GTBIF

The Missouri Division of Cannabis Regulation has removed a recall on 15,000 products and transferred $13 million from the medical marijuana program to the Missouri Veterans Commission. Connecticut has increased transaction limits for adult-use cannabis customers. Indiana is considering the legalization of adult-use cannabis. Maryland is being urged to adopt reasonable zoning restrictions for cannabis businesses. Nevada regulators have granted conditional licenses for six more cannabis consumption lounges, including plans by Curaleaf Holdings (OTC:CURLF) and Green Thumb Industries (OTC:GTBIF).

Portfolio Pulse from Nicolás Jose Rodriguez

November 03, 2023 | 2:17 pm

TNON

Shares of Tenon Medical Inc (NASDAQ:TNON) surged by 49% after the company announced it has successfully passed a recent FDA Quality System Inspection Technique (QSIT) Level 2 Inspection. The FDA found no violations or objectionable conditions during the inspection. The company's 52-week high is $31.10 and the 52-week low is $0.77.

Portfolio Pulse from Henry Khederian

November 03, 2023 | 2:04 pm