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Regulatory

SMCI

Super Micro Computer Inc (NASDAQ:SMCI) faces compliance and growth challenges, leading JP Morgan to downgrade its stock from Overweight to Neutral and cut the price target from $950 to $500. The downgrade is due to regulatory compliance issues and uncertainty in growth, despite a strong product portfolio.

Portfolio Pulse from Anusuya Lahiri

September 06, 2024 | 3:49 pm

XRPUSD

Ripple's co-founder Chris Larsen endorses Kamala Harris for president amidst ongoing crypto regulatory debates. Ripple recently won a legal victory against the SEC regarding XRP sales, impacting the crypto industry's regulatory landscape. Ripple is also seeking to delay a $125 million penalty payment in its ongoing legal battle with the SEC.

Portfolio Pulse from Murtuza Merchant

September 06, 2024 | 3:44 pm

SPY

In a CNBC interview, Fed's Goolsbee expressed concerns that maintaining the current level of monetary policy restrictiveness could increase the odds of a recession.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:44 pm

SPY

In a CNBC interview, Fed's Goolsbee expressed a tolerance for potential short-term increases in CPI, as the long-term trend shows inflation decreasing. This suggests a more flexible approach to monetary policy in response to inflation data.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:43 pm

SPY

In a CNBC interview, Fed's Goolsbee suggested that historical patterns indicate multiple policy rate adjustments are warranted when economic conditions slow down. This could imply potential future interest rate cuts by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:42 pm

SPY

Federal Reserve Governor Christopher Waller emphasized the importance of maintaining the Federal Reserve's independence from political influence. He stated that financial markets prefer a politically-neutral Fed and that Congress also recognizes the value of an independent central bank.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:41 pm

SPY

Federal Reserve's Waller emphasizes the need for flexibility in monetary policy as new data emerges. He notes that achieving a 2% inflation target doesn't imply a return to 2019 or 2020 price levels, and suggests that overly restrictive policies are undesirable.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:40 pm

SPY

In a CNBC interview, Fed's Goolsbee stated that inflation is on track to reach 2%, but emphasized the need for stabilization in the labor market and GDP. He warned of danger signs if conditions worsen and noted that current employment averages are too low for the replacement rate, cautioning against passive tightening.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:39 pm

SPY

In a CNBC interview, Fed's Goolsbee discussed the potential for larger rate cuts, suggesting that the dot plots should be considered. These plots did not predict inflation decreasing rapidly or unemployment increasing significantly.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:36 pm