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SPY

Federal Reserve Chairman Jerome Powell has stated that it is difficult to determine how many rate hikes the tighter financial conditions will translate to, or how that will translate into potential rate hikes. He also noted that the economy has been resilient in a surprising way.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:46 pm

SPY

Federal Reserve Chairman Jerome Powell stated that financial conditions have tightened and this will have an effect over time, although the speed of this effect is uncertain. He also noted the impact of higher rates on the housing market and durable goods buying.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:45 pm

SPY

Federal Reserve Chairman Jerome Powell stated that no decision has been made about the December meeting. He also refuted the idea that it would be difficult to raise rates again after a pause. Powell confirmed that the Fed staff did not include a recession in their forecast at this meeting.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:43 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is not confident that financial conditions are restrictive enough and no decisions have been made regarding future meetings. This could imply potential changes in monetary policy.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:41 pm

SPY

Federal Reserve Chairman Jerome Powell stated that longer-term higher rates cannot be a reflection of higher policy rates from the US. He also mentioned that it does not appear that an expectation of higher Fed policy rates is causing higher longer-term rates, and policy expectations are not driving rates.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:41 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that tighter financial conditions, including higher long-term rates, a stronger dollar, and lower stocks, could influence future rate conditions. He stated that these conditions would need to be persistent to have implications on monetary policy.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:40 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the labor market is rebalancing but remains tight. He also noted that while GDP has been strong, it is forecasted to slow down. Powell expressed uncertainty about achieving a policy stance that will bring inflation down to 2%. He also mentioned that the Fed is attentive to the increase in longer-term yields.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:39 pm

SPY

Federal Reserve Chairman Jerome Powell stated that financial conditions have significantly tightened and the Fed is closely monitoring these developments due to their potential impact. He also mentioned that decisions are made on a meeting-by-meeting basis.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:38 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Federal Open Market Committee (FOMC) will consider cumulative tightening, lags, and economic and financial developments in determining if more firming is needed. He also mentioned that reducing inflation may require below potential growth and softening labor conditions.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:37 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed is committed to achieving a sufficiently restrictive stance. He also noted that recent data showing the resilience of economic data and demand for labor could put further progress on inflation at risk.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 6:36 pm