Streetbeat News

Regulatory

SPY

Fed Chair Powell stated that the goal is to get inflation under control with minimal damage to the labor market and economy.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:51 pm

SPY

Fed Chair Powell expects the unemployment rate to rise slightly, but hopes most labor market loosening will occur in other ways. He believes there is a path to a soft landing.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:50 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell announced that the Fed may raise capital requirements for big banks by 20%, potentially affecting the financial sector and related ETFs.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:47 pm

SPY

Federal Reserve Chair Jerome Powell stated that there is no consensus agreement on the time it takes for monetary policy to impact the economy, but suggested that a year and change is a reasonable estimate.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:36 pm

SPY

Federal Reserve Chair Jerome Powell stated that he believes monetary policy is not becoming less effective and that there is still a long way to go.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:36 pm

SPY

Fed Chair Powell states that headline inflation has decreased mainly due to energy and food prices, not primarily due to monetary policy. He also notes progress in supply chains but not much in services inflation.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:35 pm

SPY

Federal Reserve Chair Jerome Powell stated that paper losses on the Fed's balance sheet do not impact their ability to conduct monetary policy.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:33 pm

FXI

SPY

A Chinese Embassy spokesperson warned that the U.S. will 'bear all the consequences' if it does not take action to undo President Biden's comments, according to a CNN reporter on Twitter.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:32 pm

KBE

KRE

SIVBQ

SPY

XLF

Fed Chair Powell stated that there may be some capital increases on banks down to $100B, but not below that, emphasizing the tradeoff between availability of capital and credit, and safety.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:29 pm

KBE

KRE

SIVB

SPY

XLF

Federal Reserve Chair Jerome Powell stated that there is a clear need to strengthen supervision and regulation for banks of SVB Financial Group's size.

Portfolio Pulse from Happy Mohamed

June 22, 2023 | 2:26 pm