Streetbeat News

Regulatory

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that continued supply shocks are possible but hard to predict, and the policy rate may not have to rise as far as otherwise due to tightened bank credit conditions.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:25 pm

SPY

U.S. interest rate futures traders have reduced bets on a June Fed rate hike and increased bets on rate cuts later in the year, according to Reuters.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:25 pm

SPY

GOP debt limit negotiator Graves announced that the talks are currently at a pause, potentially affecting the US financial market.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:24 pm

EWC

STLA

Ontario Premier Doug Ford announced plans to increase funding to help resume the Stellantis battery plant in Canada.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:23 pm

SPY

Republican debt negotiators claim the White House is not being reasonable in their discussions, potentially impacting the progress of debt negotiations and causing uncertainty in the market.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:22 pm

SPY

Treasury Secretary Janet Yellen has suggested that more mergers may be necessary among banks, according to a CNN report. This statement could potentially impact the financial sector and related ETFs.

Portfolio Pulse from Benzinga Newsdesk

May 19, 2023 | 3:21 pm

KBE

KRE

SPY

XLF

Federal Reserve Chair Jerome Powell stated that banks and the banking system are resilient, despite the recent economic challenges. This statement may positively impact the banking sector ETFs.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:20 pm

SPY

Federal Reserve Chairman Jerome Powell stated that the Fed is strongly committed to returning to its 2% inflation goal, emphasizing that failure to achieve this target would cause greater harm to the economy.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:20 pm

SPY

Federal Reserve Chairman Jerome Powell acknowledged that inflation is far above the Fed's objective, posing significant hardship, especially for those at the margins of society.

Portfolio Pulse from Happy Mohamed

May 19, 2023 | 3:19 pm

CELUSD

FTTUSD

Duncan Trenholme, co-head of digital assets at TP ICAP, believes that the crypto industry can learn from traditional finance to improve conflict-of-interest mitigation and customer fund protection. He is optimistic about the rekindling of interest in digital assets among major global financial institutions. TP ICAP is expanding its digital asset trading capabilities and aims to offer support when companies need to hedge their crypto exposure.

Portfolio Pulse from Murtuza Merchant

May 19, 2023 | 3:13 pm