Streetbeat News

Regulatory

SPY

Federal Reserve Chairman Jerome Powell stated that more progress is needed before the Fed can conclude that its monetary policy is sufficiently restrictive. He noted that real interest rates are meaningfully positive.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:42 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed wants to see convincing evidence that it has reached an appropriate level before making any changes to its current policy.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:41 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the majority of policymakers believe another rate hike is likely to be appropriate. However, no decision has been made about whether rates are sufficiently restrictive.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:41 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the decision to maintain the current policy rate does not indicate whether the Fed has reached its desired policy stance. This statement leaves room for future adjustments to the policy rate.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:41 pm

SPY

Federal Reserve Chairman Jerome Powell has pledged to do everything within the Fed's power to achieve its goals. This statement comes amidst ongoing economic uncertainty.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:39 pm

SPY

Federal Reserve Chair Jerome Powell has stated that reducing inflation will likely require a period of below-trend growth and some softening of labor conditions.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:39 pm

SPY

Federal Reserve Chairman Jerome Powell has announced that the Fed will maintain restrictive interest rates until there is confidence that inflation is moving down to 2%.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:38 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed is in a position to proceed carefully, being mindful of uncertainties. This statement suggests a cautious approach to monetary policy, potentially impacting the broader market.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:38 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed's projections are not a plan and policy will adjust as needed. Decisions will be made on a meeting-by-meeting basis.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:38 pm

SPY

Federal Reserve Chair Jerome Powell has stated that the current stance of policy is restrictive and the Fed is committed to achieving and sustaining a sufficiently restrictive policy to bring inflation down to 2% over time.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:36 pm