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SPY

Federal Reserve Chairman Jerome Powell stated that while economic models are useful, it's important to also consider what the economy is indicating. He expressed that it doesn't feel like the policy is too tight and there's no evidence to suggest that it is.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:35 pm

SPY

Federal Reserve Chairman Jerome Powell stated that neutral rates have declined over recent decades, and it is uncertain where they currently stand. He also suggested that the neutral rate may have increased in the near term, but its longer-term trajectory remains unclear.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:33 pm

SPY

Federal Reserve Chairman Jerome Powell stated that he is uncertain about where monetary policy will settle. He also mentioned that the effective lower bound is not an issue for the economy or monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:32 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is proceeding cautiously with policy decisions. He also mentioned that the long-term potential growth rate is stable at around 2%. Powell noted that it's challenging to predict how the economy might grow with higher interest rates.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:31 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the effects of monetary policy should start to be visible as the Fed has slowed down on rates to allow policy time to work. He emphasized the need for risk management and monitoring to assess the impact of monetary policy.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:30 pm

BTCUSD

MS

Morgan Stanley has detailed indicators that investors should look for to gauge the end of 'crypto winter', a period of severe market downturns in the cryptocurrency space. The firm highlights the role of Bitcoin's halving event in dictating these market cycles, with the next halving estimated to occur around April 2024. The firm breaks down the cryptocurrency market's behavior into four phases: Summer, Fall, Winter, and Spring, and provides indicators that might signal the end of crypto winter.

Portfolio Pulse from Murtuza Merchant

October 19, 2023 | 4:29 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that household savings have increased and spending has also been higher. This could potentially impact the overall economy and the stock market.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:29 pm

SPY

Federal Reserve Chairman Jerome Powell stated that there is no precision in understanding the lags in monetary policy. He also noted that markets have been front running Fed policy changes.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:28 pm

SPY

Federal Reserve Chairman Jerome Powell stated that he does not believe there is a fundamental shift in how rates affect the economy. He noted that the strong economy and job market are elements that the Fed wants to see.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:27 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that interest-sensitive spending is showing the impact of Fed policy, indicating that the policy is working through usual channels. This could potentially affect the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

October 19, 2023 | 4:26 pm