Streetbeat News

Regulatory

SPY

Federal Reserve Chairman Jerome Powell stated that restoring price stability is their top priority. He mentioned that to maintain real rates as inflation comes down, they will need to lower the nominal rate in the future, and it will be appropriate to cut rates when inflation decreases.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:11 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the FOMC is fully committed to achieving a 2% inflation target and will take necessary measures to prevent high inflation from becoming entrenched. This move aims to restore price stability for future generations.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:10 pm

SPY

Federal Reserve Chairman Jerome Powell believes there is a path to 2% inflation without significant job losses, suggesting that a strong labor market that gradually cools could aid a soft landing.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:09 pm

BNBUSD

A US federal judge has ordered Binance, Binance.US, and the SEC to participate in a mediation conference to negotiate operational restrictions during the ongoing regulatory lawsuit. The SEC accuses Binance and Binance.US of selling unregistered securities, violating US laws, and sought a temporary restraining order on Binance.US's assets.

Portfolio Pulse from Murtuza Merchant

June 14, 2023 | 7:07 pm

SPY

Federal Reserve Chairman Jerome Powell stated that housing may not be the primary driver of interest rates, but it plays a part. He also emphasized that the Fed's role is not to judge fiscal policy and will not finance U.S. debt.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:07 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the housing market is bottoming out and may start to rise, with rents expected to contribute to housing services inflation.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:05 pm

SPY

Federal Reserve Chairman Jerome Powell stated that he does not believe reserves will become scarce over the course of the year and that the RRP is not pulling money from the banking system. He also mentioned that it is unlikely to make changes to the RRP rate in the near term.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:05 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed will carefully monitor market conditions as the Treasury refills the Treasury General Account (TGA). He added that they are starting at a high level of reserves and do not foresee reserves becoming scarce in the near term.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:04 pm

SPY

Federal Reserve Chairman Jerome Powell emphasized the Fed's commitment to getting inflation down and stated that they try to be transparent in their reaction function.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:02 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed's focus is on getting the policy right and that the July meeting will be live. This indicates that the Fed may discuss potential changes to its monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 7:01 pm