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SPY

Federal Reserve Chair Jerome Powell has stated that the median of neutral rate estimates has not increased, but individuals are adjusting their estimates. He also suggested that it's plausible the neutral rate could be higher than the longer run rate.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:48 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the neutral rate is only known when it is reached, and suggested that it may have risen. This could potentially impact the interest rates and the overall economy.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:48 pm

SPY

Federal Reserve Chair Jerome Powell has stated that stronger economic activity is the primary reason for the need to adjust interest rates. This could potentially impact the broader market, including ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:47 pm

SPY

Federal Reserve Chair Jerome Powell has stated that it is necessary to reach a point where there is confidence in bringing inflation down to 2% over time.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:46 pm

SPY

Federal Reserve Chair Jerome Powell stated that the economy is fairly close to where it needs to be, downplaying the significance of a single rate hike.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:46 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that there is a consensus among the Federal Reserve officials about the end-of-year rate view, according to Reuters.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:45 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed will proceed cautiously and make decisions on a meeting-by-meeting basis, given the current economic situation.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:44 pm

SPY

Federal Reserve Chair Jerome Powell has expressed satisfaction with the recent labor market report, stating it was a good example of what the Fed wants to see.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:44 pm

SPY

Federal Reserve Chairman Jerome Powell announced that the proposal at the recent meeting was to maintain the current policy stance, which received unanimous support.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:43 pm

ATVI

MSFT

Microsoft Corp (NASDAQ:MSFT) faced a significant leak of confidential information related to Xbox plans and discussions. The leaked documents, originally intended for the Federal Trade Commission's (FTC) involvement in Microsoft's acquisition of Activision Blizzard Inc (NASDAQ:ATVI), were accidentally made public. The documents offered an inside look at Xbox's operations from 2019 to 2022, including plans for mid-gen updates and next-gen consoles, the company's cloud gaming aspirations and discussions about acquiring other gaming companies.

Portfolio Pulse from Franca Quarneti

September 20, 2023 | 6:43 pm