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Regulatory

SPY

Federal Reserve Chair Jerome Powell expects housing inflation to decrease significantly this year and next, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:56 pm

SPY

Federal Reserve Chair Jerome Powell stated that if capital requirements are increased, it would take several years to come into full effect. He also expects the ratio of job openings to unemployed people to decrease, allowing the labor market to become less tight without increasing unemployment.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:54 pm

MSOS

AdvisorShares Pure US Cannabis ETF (MSOS) shares are trading higher after Senate Majority Leader Schumer expressed confidence in the marijuana banking bill passing.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2023 | 2:46 pm

SPY

Federal Reserve Chair Jerome Powell emphasized the need for stronger supervision and regulation for banks the size of those in Silicon Valley, according to Reuters.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:44 pm

SPY

Fed Chair Powell stated that the US is far from its inflation target and is focused on returning to 2%. He also mentioned that inflation affects lower-middle-income communities more than high-income individuals.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:42 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that US banks are very strongly capitalized, but the Fed's ability to address inequality in the economy is fairly limited.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:39 pm

CI

CVS

UNH

Pharmaceutical Research and Manufacturers of America (PhRMA) is suing the U.S. government to block enforcement of a program that gives Medicare too much power to set drug prices.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:38 pm

SPY

Federal Reserve Chair Jerome Powell stated that the Fed's ability to address inequality in the economy is fairly limited, as reported by Reuters.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:35 pm

SPY

Federal Reserve Chair Jerome Powell stated that stablecoins are seen as a form of money and it would be a mistake to leave the Fed with a weak role in regulating them.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:33 pm

SPY

Federal Reserve Chair Jerome Powell stated that there is a tradeoff between the benefits and costs of capital, emphasizing the importance of having banks of various sizes. He also mentioned the need to avoid over-regulating small banks to prevent challenges to their businesses.

Portfolio Pulse from Happy Mohamed

June 21, 2023 | 2:31 pm