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Regulatory

SPY

Federal Reserve's Waller suggests there is room to cut policy rates while maintaining a restrictive stance to ensure inflation returns to 2%. Recent data, including the August jobs report, indicates moderation in the labor market, shifting risks towards employment.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:03 pm

SPY

Federal Reserve's Waller stated that the Fed is prepared to act quickly and forcefully if future data indicates significant deterioration in the labor market. He mentioned the possibility of cutting rates at consecutive meetings if necessary and emphasized that he does not believe the economy is currently in a recession or heading towards one soon.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:02 pm

SPY

Federal Reserve's Waller suggests that a series of policy rate reductions may be appropriate, with the pace and size depending on economic data. He is open to front-loading rate cuts if necessary.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:02 pm

SPY

Federal Reserve's Waller suggests that it's time to start reducing the policy rate in the upcoming meeting to maintain economic momentum. Recent data shows a softening labor market, which is crucial for the policy decision.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 3:01 pm

SPY

USO

The U.S. and Iraq have reached an understanding to end the U.S.-led coalition presence in Iraq. The plan involves the withdrawal of hundreds of coalition troops by September 2025, with the remaining troops leaving in 2026.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:49 pm

CPCAY

DAL

EADSY

Airlines, including Delta Air Lines, are conducting inspections of their Airbus A350 fleets following an engine issue identified by Cathay Pacific. The issue affects A350-1000 models with Rolls-Royce engines, but not the A350-900 model operated by Delta. The European Union Aviation Safety Agency has issued a directive for inspections. Delta emphasizes its commitment to safety.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 2:41 pm

SPY

Federal Reserve's John Williams indicates uncertainty about the size of the first rate cut, noting that labor market imbalances have eased and the job market resembles pre-pandemic conditions. While it's clear that rates should fall, the pace and final rate levels remain uncertain.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:39 pm

TNON

Tenon Medical has received a Notice of Allowance for a U.S. patent on its systems and methods for stabilizing sacroiliac joints. This development could enhance its product offerings and market position.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:33 pm

MS

Massachusetts Securities Regulator fined Morgan Stanley $2 million for failing to ensure a customer was not trading on material, non-public information related to First Republic insider's stock sales.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 2:25 pm

BVNKF

BVNRY

The Democratic Republic of Congo received its first batch of mpox vaccines, nearly two years after declaring an epidemic. The vaccines, MVA-BN, are produced by Bavarian Nordic A/S and are the only approved mpox vaccines in several regions. The delay in vaccine distribution is attributed to regulatory and logistical challenges.

Portfolio Pulse from Vandana Singh

September 06, 2024 | 2:03 pm