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SPY

The Federal Reserve held the fed funds rate unchanged at 5%-5.25%, marking the first pause in the tightening cycle since March 2022. However, the Fed's economic projections indicate two more rate hikes in 2023, followed by a full percentage point cut in 2024.

Portfolio Pulse from Piero Cingari

June 14, 2023 | 6:15 pm

SPY

Fed swaps now price in a higher peak policy rate of 5.35% in September, indicating that a 2023 rate cut is no longer considered likely. This change in expectations may impact the broader market, including the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:07 pm

DIA

IWM

QQQ

SPY

Major indices are lower after the Fed paused rate hikes but indicated it sees two 25 bps hikes by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:04 pm

SPY

Fed officials predict 3.2% inflation at the end of 2023, 2.5% at the end of 2024, and 3.9% core inflation at the end of 2023, 2.6% at the end of 2024. They also forecast U.S. GDP at 1.0% in 2023 and 1.1% in 2024.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:03 pm

SPY

The Federal Reserve's projections imply two more 25-basis-point rate hikes this year and 100 basis points of rate cuts in 2024. This may affect the performance of the SPY ETF.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:02 pm

SPY

The Federal Reserve's median forecast for GDP growth in 2022 has risen to 5.6%, according to CNBC. This increase may impact the overall market and ETFs like SPY.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:01 pm

SPY

The Federal Reserve has indicated that it plans to implement two 25 basis points rate hikes by the end of the year.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:01 pm

SPY

The Federal Reserve has decided to maintain the target range for the federal funds rate at 5 to 5-1/4 percent, citing modest economic expansion, robust job gains, and elevated inflation. The Committee remains highly attentive to inflation risks and is committed to returning inflation to its 2 percent objective.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:00 pm

SPY

The Federal Reserve has decided to keep interest rates unchanged, maintaining the current monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2023 | 6:00 pm

BIIB

ESALY

Senator Bernie Sanders has vowed to oppose all health agency nominees, including Monica Bertagnolli for NIH director, until the Biden administration presents a plan to lower prescription drug prices. Sanders has urged the HHS to address the high cost of Eisai Co Ltd and Biogen Inc's Alzheimer's treatment Leqembi.

Portfolio Pulse from Vandana Singh

June 14, 2023 | 5:52 pm