Streetbeat News

Regulatory

SPY

Federal Reserve's Kugler stated that the extent of future interest rate cuts will depend on incoming data, particularly whether disinflation or a rapid deterioration of the labor market is observed. No definitive answer can be provided at this time.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:51 pm

SPY

Fed's Kugler emphasized the importance of monitoring incoming data and acknowledged the presence of two-sided risks in the current economic environment.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:50 pm

SPY

Federal Reserve's Musalem stated that he is closely monitoring the labor market for any unexpected deterioration but has not observed any such signs currently.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:49 pm

SPY

Federal Reserve's Kugler emphasized the importance of the R-star rate, which is a key indicator for monetary policy. This could influence market expectations regarding interest rates.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:42 pm

SPY

Fed's Logan indicates that the economy is coming into better balance but expresses concerns about upside risks to inflation and lingering supply chain issues.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:34 pm

SPY

Federal Reserve's Logan suggests that the neutral interest rate is likely higher now compared to pre-pandemic levels and anticipates that rates will not return to their previous lows.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:31 pm

SPY

Federal Reserve's Logan stated that the Fed is in a good position to be patient with its policy decisions and will closely monitor economic developments. This suggests a cautious approach to future interest rate changes.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:29 pm

SPY

Federal Reserve's Logan stated that inflation remains too high, but significant progress has been made in controlling it.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:27 pm

SPY

Fed's Logan expressed optimism about the impact of generative AI on productivity, noting that understanding its full effect will take time and will have implications for monetary policy.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:25 pm

SPY

Fed's Musalem comments on the current monetary policy, indicating it seems restrictive but with some uncertainty about its degree. He notes that monetary policy transmission may be slower this cycle, with financial conditions feeling accommodative in some parts of the economy and restrictive in others.

Portfolio Pulse from Benzinga Newsdesk

June 18, 2024 | 5:22 pm