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SPY

Federal Reserve Chair Jerome Powell has stated that the process of reducing inflation to the target 2% still has a long way to go. This statement suggests that the Fed's monetary policy will remain tight for the foreseeable future.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:35 pm

SPY

Federal Reserve Chair Jerome Powell has stated that inflation is currently well above the Fed's goal. However, he also noted that inflation has moderated somewhat and expectations remain well anchored.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:35 pm

SPY

Federal Reserve Chair Jerome Powell has stated that nominal wage growth has shown signs of easing, despite labor demand still exceeding supply. He expects the labor market rebalancing to continue.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:34 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the labor market remains tight, with labor supply and demand continuing to come into better balance. This could potentially impact the overall economy and the stock market.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:34 pm

SPY

Federal Reserve Chair Jerome Powell has stated that higher interest rates are impacting business investment. This could potentially affect the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:33 pm

SPY

Federal Reserve Chair Jerome Powell has stated that activity in the housing market has increased.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:33 pm

CATC

FRTX

ICCM

SCS

SEEL

SPRY

The Federal Reserve has left the key overnight interest rate unchanged at 5.25-5.50% and anticipates one more 25-basis-point rate hike by the end of the year. U.S. stocks traded mixed, with the Dow Jones gaining around 200 points. Steelcase Inc., Cambridge Bancorp, and Fresh Tracks Therapeutics saw significant stock increases, while Seelos Therapeutics, ARS Pharmaceuticals, and IceCure Medical experienced significant drops.

Portfolio Pulse from Lisa Levin

September 20, 2023 | 6:33 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the growth in real GDP has exceeded expectations, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:32 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed will proceed carefully with its decisions, which will be based on assessments of data and risks.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:32 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Federal Reserve has covered a lot of ground, but the full effects of its actions have yet to be felt.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:32 pm