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The latest Federal Open Market Committee (FOMC) minutes reveal that the disinflation process is expected to take longer than previously thought, leading to the likelihood of maintaining high interest rates for an extended period. This has resulted in cautious market reactions, with slight increases in Treasury yields and a stronger U.S. dollar, while major stock indices and ETFs experienced losses.

Portfolio Pulse from Piero Cingari

May 22, 2024 | 6:22 pm

BLK

ETHV

GBTC

VanEck's spot Ethereum ETF has been listed on the DTCC under the ticker symbol 'ETHV,' a critical step before potential SEC approval. The SEC's recent request for amended filings has raised approval chances to 75%. Other firms like BlackRock and Grayscale have also submitted revised filings.

Portfolio Pulse from Murtuza Merchant

May 22, 2024 | 6:17 pm

SNGX

Soligenix has received a Notice of Allowance for a U.S. patent titled 'Thermostable Vaccine Compositions and Methods of Preparing same'. This patent could enhance the company's intellectual property portfolio and potentially improve its market position in the vaccine industry.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:12 pm

AON

PCIG

STNC

BofA Securities analyst Grace Carter downgraded Aon plc (NYSE:AON) to Underperform from Neutral, citing integration risks from a $13.4 billion acquisition, below-average organic growth, and management changes. The price target was cut from $345 to $306. Aon's recent performance has lagged behind peers, and its Q1 FY24 earnings missed expectations. Investors can gain exposure to Aon via Litman Gregory Funds Trust Polen Capital International Growth ETF (NYSE:PCIG) and Hennessy Stance ESG ETF (NYSE:STNC).

Portfolio Pulse from Lekha Gupta

May 22, 2024 | 6:12 pm

BTCUSD

Arthur Hayes, co-founder of BitMex, discusses how global economic policies, particularly the 'easy button' approach of avoiding interest rate hikes, could impact the cryptocurrency market. He highlights the potential for increased global liquidity to strengthen Bitcoin if the Bank of Japan engages in unlimited currency swaps with the Federal Reserve.

Portfolio Pulse from Khyathi Dalal

May 22, 2024 | 6:10 pm

SPY

The S&P 500 fell after the release of the Federal Reserve's minutes, which indicated that participants believe it will take longer than expected to reach the 2% inflation target. Some participants also expressed a willingness to tighten policy further if inflation risks materialize.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:06 pm

SPY

The Federal Reserve's minutes reveal that various participants are open to further tightening monetary policy if risks to the economic outlook materialize. Many participants also expressed uncertainty about the current degree of policy restrictiveness.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:03 pm

SPY

The Federal Reserve's minutes reveal that a couple of participants suggested it would be useful to start discussions on the appropriate longer-run maturity composition of the Fed's portfolio.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:03 pm

SPY

Participants at the Federal Reserve's April 30-May 1 meeting assessed that it would take longer than previously anticipated to gain greater confidence in inflation moving sustainably to 2%.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:02 pm

SPY

The Federal Reserve's minutes reveal that participants are not confident in recent data showing progress toward the 2% inflation goal. They suggest that the disinflation process will take longer than previously anticipated.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:02 pm