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SPY

Federal Reserve Chair Jerome Powell has stated that economic forecasts are highly uncertain. However, he noted that growth has been stronger than expected, which may necessitate higher interest rates.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:06 pm

SPY

Federal Reserve Chair Jerome Powell stated that the economy seems to have significant momentum and that a soft landing is a primary objective. He emphasized that the worst thing the Fed could do is fail to restore price stability.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:04 pm

SPY

Federal Reserve Chair Jerome Powell stated that government shutdowns typically do not have a significant macroeconomic effect. However, he noted that sustained higher energy prices can impact inflation.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:03 pm

SPY

Federal Reserve Chair Jerome Powell has identified several potential risks to the economy, including strikes, a government shutdown, the resumption of student loan payments, and higher long-term rates. The impact of a strike would depend on its breadth and duration, potentially affecting economic output, hiring, and inflation.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:02 pm

SPY

Federal Reserve Chair Jerome Powell stated that GDP is not a mandate and questioned whether the current heat in GDP is a threat to achieving a 2% inflation rate. He attributed the GDP growth to strong consumer spending.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:01 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the Gross Domestic Product (GDP) is being driven by strong consumer spending. This statement suggests a positive economic outlook.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 7:01 pm

SPY

Federal Reserve Chairman Powell has indicated that there is a lot of uncertainty in the market, which may have influenced the decision to cut rates. This could be due to real rates rising as inflation decreases.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:59 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that there will be a time when it's appropriate to cut interest rates, according to Reuters. No specific timeline or conditions were mentioned.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:57 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the decisions made at the last two meetings of the year will be based on the totality of data.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:54 pm

SPY

Federal Reserve Chair Jerome Powell has stated that confidence in economic decisions comes from having sufficient data. The current focus is on finding a stable level for economic indicators.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:54 pm