Streetbeat News

Regulatory

SPY

Federal Reserve's John Williams stated that the job market is strong and the current unemployment rate matches the long-term trend. This could indicate a stable economic environment.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:48 pm

SPY

Federal Reserve's John Williams has stated that inflation is still too high and price stability is essential for the economy. This could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:48 pm

SPY

Federal Reserve's John Williams predicts that the GDP growth will moderate to about 1.25% next year.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:47 pm

SPY

Federal Reserve's John Williams predicts that unemployment will rise to just over 4% next year, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:47 pm

SPY

Federal Reserve's John Williams stated that it will take some time for the full effects of monetary policy tightening to impact the economy, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:47 pm

SPY

Federal Reserve's John Williams stated that the future is uncertain and data will drive future policy choices. This statement could potentially impact the overall market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:46 pm

SPY

Federal Reserve's John Williams predicts inflation to decrease to 3.25% this year and further drop to 2% by 2025.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:46 pm

SPY

Federal Reserve's Williams stated that the current monetary policy is having the desired effects on the economy. He also mentioned that the Federal Reserve is at or near the peak for the Federal Funds Rate and will need a restrictive policy stance for some time to achieve its goals.

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:46 pm

NVDA

The European Union has initiated an early-stage investigation into potential abuses in the AI chip market, which is dominated by NVIDIA (NVDA).

Portfolio Pulse from Benzinga Newsdesk

September 29, 2023 | 4:03 pm

BUSDUSD

COIN

USDCUSD

Circle has entered the legal dispute between Binance and the SEC, arguing that stablecoins should not face the same financial trading regulations as traditional securities. Circle's argument is based on the fact that stablecoins are tied to the dollar and users do not expect any profit from their purchases. The case originally involved arguments from crypto exchanges such as Binance and Coinbase, which stated that cryptocurrencies should not be subject to existing strict U.S. financial laws.

Portfolio Pulse from Khyathi Dalal

September 29, 2023 | 3:56 pm