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SPY

The U.S. 2- and 10-year yield curve inversion has narrowed to -79.9 basis points following a speech by Federal Reserve Chairman Jerome Powell, according to Reuters citing Refinitiv's Fedwatch.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:09 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that reducing inflation may also necessitate softer labor markets. This could potentially impact the overall economy and the stock market.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:09 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that above trend growth could necessitate further rate hikes. He also stated that to bring inflation back to 2%, it may require below trend growth.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:08 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed is attentive to signs that the economy is not cooling as expected. He also mentioned that inflation remains too high.

Portfolio Pulse from Benzinga Newsdesk

August 25, 2023 | 2:08 pm

SPY

Following a speech by Federal Reserve Chairman Jerome Powell, U.S. rate futures have slightly reduced the likelihood of a rate hike in November and December, according to Reuters citing Refinitiv's Fedwatch.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:07 pm

SPY

Federal Reserve Chairman Jerome Powell has indicated that signs of the job market not cooling could warrant further action from the Fed. He also noted that inflation appears to be becoming more responsive to labor markets. Powell projected July's Personal Consumption Expenditures (PCE) at 3.3% and core PCE at 4.3%.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:07 pm

SPY

Federal Reserve Chairman Jerome Powell stated that there is a need for further progress on non-housing services inflation. He also mentioned that the policy is restrictive, but the Fed cannot be certain about the neutral rate level. Powell confirmed that the Fed will not change the 2% inflation target and is mindful of the risks on both sides of monetary policy.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:06 pm

VST

The U.S. Justice Department is scrutinizing Vistra Corp.'s (NYSE:VST) planned $6.3 billion acquisition of Energy Harbor Corp. due to potential antitrust concerns. The deal could significantly increase Vistra's nuclear capacity, but the Justice Department's Antitrust Division fears it may lessen competition and increase wholesale electricity prices. The Department has not yet concluded whether the proposed transaction violates antitrust laws.

Portfolio Pulse from Nabaparna Bhattacharya

August 25, 2023 | 2:06 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that there is substantial further ground to cover to achieve price stability. He emphasized the need for sustained progress on goods inflation and noted that slowing rents indicate a slowdown in housing inflation, which the Fed will continue to monitor.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:06 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed will proceed carefully when deciding to hike again or hold steady. He emphasized the need for 'agile' monetary policy making due to economic uncertainty. Powell also noted that two months of good data are only the beginning of what is needed to build confidence on inflation path.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 2:05 pm