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SPY

Federal Reserve officials predict a 3.7% core inflation rate by the end of 2023, 2.6% by the end of 2024, and 2.3% by the end of 2025. They also forecast stronger GDP growth and lower unemployment rates in 2023 and 2024, with a 3.8% unemployment rate by the end of 2023, 4.1% by the end of 2024, and 4.1% by the end of 2025. The US GDP is expected to be at 2.1% in 2023.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:02 pm

SPY

The Federal Reserve has made minimal changes to its September FOMC statement. The FOMC voted unanimously (12-0) for the action on the Federal Funds Rate.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:02 pm

SPY

The Federal Open Market Committee (FOMC) has stated that it is prepared to adjust monetary policy if any risks emerge. The committee noted that economic activity has been expanding at a 'solid' pace, and while job gains have slowed, they remain strong.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:01 pm

SPY

The Federal Reserve has decided to leave the key overnight interest rate unchanged at 5.25-5.50%. It also anticipates one more 25-basis-point rate hike by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:01 pm

SPY

The Federal Open Market Committee (FOMC) has released its rate decision statement for September 20, 2023. The statement may have implications for the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:00 pm

SPY

The Federal Open Market Committee (FOMC) has decided to keep the interest rate unchanged at 5.50%, which was in line with the estimates.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 6:00 pm

ETHUSD

A total of 2,685.28 Ether (ETH) worth $4,375,991 was burned from Ethereum transactions on Tuesday. This follows the implementation of the Ethereum improvement proposal EIP-1159, which changes the fee model and burns a base fee from each transaction, reducing the supply of Ether. Ethereum is currently issuing new Ether at a rate of 4% per year, expected to decrease to 0.5-1% with the Ethereum 2.0 upgrade. The net annualized issuance rate for Ether was -0.64% yesterday.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 6:00 pm

SPY

USO

According to a Wall Street Journal report, Iran's oil exports have increased as the U.S. has backed away from some sanctions enforcement. The U.S. curbed actions targeting Iran's oil exports in the run-up to the detainee release.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 5:54 pm

JPM

JPMorgan Chase's CEO, Jamie Dimon, visited Detroit to mark the 10th anniversary of the bank's $200 million investment in the city. The investment supported over 70,000 citizens through job placements and small business loans, among other initiatives. Dimon spoke about the positive outcomes of economic activity and warned about potential risks of the Federal Reserve continuing to raise interest rates. He also expressed concerns about President Joe Biden’s Inflation Reduction and CHIPS Act.

Portfolio Pulse from Aaron Bry

September 20, 2023 | 5:11 pm

BYDDF

TSLA

Chinese EV manufacturer BYD has filed 16 times more patents over the past 20 years than Tesla, according to Tokyo-based Patent Result. Tesla applied for 836 patents from its founding in 2003 to 2022, while BYD applied for over 13,000 during the same period.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:57 pm