Streetbeat News

Regulatory

SPY

In a CNBC interview, Fed's Harker stated that he expects inflation to be around 3% next year, with growth slowing to trend. He also mentioned that he sees the Fed holding steady this year, and that next year's actions will be data-driven. He did not provide a prediction on when the Fed will cut rates.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:20 pm

BLK

BTCUSD

Tom Lee, Head of Research at FS Insight, predicts Bitcoin (CRYPTO: BTC) could surpass $200,000 due to its network value and scarcity. His comments follow similar predictions by other industry experts, including Ark Invest CEO Cathie Wood. Lee also highlighted Bitcoin's resilience despite regulatory challenges. Traditional financial giants like BlackRock (NYSE:BLK) have shown interest in Bitcoin, further boosting its market credibility.

Portfolio Pulse from Murtuza Merchant

August 24, 2023 | 2:19 pm

DWAC

SPY

U.S. House Republicans have initiated an investigation into a Georgia prosecutor involved in a case related to alleged election subversion by former President Donald Trump. The news does not directly impact any specific company or ETF.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:18 pm

FXI

SPY

In a CNBC interview, Fed's Harker stated that he does not believe AI technology will significantly disrupt the economy. He also mentioned that it is unclear how China's economic slowdown will impact the U.S. economy.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:17 pm

SPY

In a CNBC interview, Federal Reserve's Harker stated that he has been informed by contacts that more time is needed to deal with past Fed rate hikes. He also expects the unemployment rate to rise to 4% or slightly above.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:13 pm

SPY

In a CNBC interview, Fed's Harker stated that he expects an eventual slowdown in the economy and a decrease in inflation. He believes that the Federal Reserve has done enough with policy and that the current restrictive policy stance should help lower inflation.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:12 pm

SPY

In a CNBC interview, Fed's Harker stated that there is a clear tightening of credit, but it is unclear how much this will impact the economy. He also mentioned that he is not concerned about the rise in market yields and is closely watching it. He noted that low-income consumers are slowing down.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:10 pm

SPY

Federal Reserve's Harker has stated that the Fed will need to keep rates restrictive for a while due to an uptick in labor productivity. This could potentially impact the overall market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:10 pm

SPY

In a CNBC interview, Federal Reserve's Harker stated that the central bank should maintain its restrictive stance for a while. This could potentially impact the overall market and ETFs like SPY.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:09 pm

SPY

VGK

The U.S. Treasury Department has imposed new Russia-related sanctions, according to its website. The specific details of the sanctions and the entities they target have not been disclosed.

Portfolio Pulse from Happy Mohamed

August 24, 2023 | 2:07 pm