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SPY

Federal Reserve Chairman Jerome Powell has stated that the Fed would stop raising interest rates before reaching a 2% inflation rate, according to Bloomberg.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:09 pm

SPY

Federal Reserve Chairman Jerome Powell has stated that he does not foresee a return to 2% inflation until around 2025. This could potentially impact the overall market and the SPY ETF.

Portfolio Pulse from Bill Haddad

July 26, 2023 | 7:09 pm

SPY

Federal Reserve Chair Jerome Powell has stated that he is not using the term 'optimism', but believes there is a path to a soft landing for the economy. This suggests a cautious approach to monetary policy, potentially avoiding drastic measures that could disrupt markets.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:08 pm

SPY

Federal Reserve Chair Jerome Powell has announced that the Fed will not be cutting rates this year. This decision could impact the overall market and particularly the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:07 pm

SPY

Federal Reserve Chair Jerome Powell has announced that the Fed's staff is no longer forecasting a recession, according to Bloomberg. This could potentially signal a more optimistic outlook for the US economy.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 7:05 pm

MA

Mastercard Inc. (NYSE:MA) has instructed financial institutions to terminate cannabis transactions on its debit cards. This decision, following an internal investigation, creates a new challenge for the cannabis industry. In response, the American Trade Association for Cannabis and Hemp and 16 state-level cannabis trade groups have lobbied Senate leaders to pass the Secure and Fair Enforcement (SAFE) Banking Act, which would allow cannabis businesses to access banking services.

Portfolio Pulse from Joana Scopel

July 26, 2023 | 7:00 pm

SPY

Federal Reserve Chair Jerome Powell stated that the current monetary policy is working as expected, according to Bloomberg. This statement could influence the overall market sentiment.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:59 pm

SPY

Federal Reserve Chair Jerome Powell has stated that no one should doubt the Fed's commitment to using its tools to bring inflation to target. This statement comes amid concerns about rising inflation in the US.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:54 pm

SPY

Federal Reserve Chair Jerome Powell has expressed uncertainty about the length of lags in monetary policy. This statement could potentially impact the market's expectations about future monetary policy decisions.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:54 pm

SPY

Federal Reserve Chair Jerome Powell has stated that there is an ongoing debate about the timing of economic lags, suggesting that the clock starts earlier than it used to.

Portfolio Pulse from Benzinga Newsdesk

July 26, 2023 | 6:53 pm