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SPY

Federal Reserve Chair Jerome Powell stated that interest rates will be adjusted to a more normal level over time. While progress has been made, the Fed is not declaring victory on inflation, which is close but not yet at the 2% target.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:05 pm

SPY

Federal Reserve Chair Jerome Powell stated that the US economy is currently strong, and the Fed's decision aims to maintain this strength. Powell emphasized that no additional filters are used in their decision-making process.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 7:03 pm

AAVEUSD

Aave's cryptocurrency (AAVE) has decreased by 3.38% in the last 24 hours, continuing a week-long decline of 8%. Trading volume has dropped by 60% over the week, while circulating supply increased slightly. Aave's market cap is $2.05 billion, ranking it #45.

Portfolio Pulse from Benzinga Insights

September 18, 2024 | 7:00 pm

BLCO

Bausch + Lomb shares are experiencing an uptick in trading activity due to reports that the company is considering a sale.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:55 pm

BTCUSD

ETHUSD

Bitcoin surged past $61,000 following the U.S. Federal Reserve's unexpected 50 bps rate cut, which exceeded the anticipated 25 bps reduction. This move has sparked optimism in risk asset markets, including cryptocurrencies. Ethereum also saw a rise, hitting $2,363 before retracting. The Fed's decision marks a significant shift in monetary policy, potentially benefiting cryptocurrencies.

Portfolio Pulse from Murtuza Merchant

September 18, 2024 | 6:55 pm

SPY

Federal Reserve Chair Jerome Powell stated that the current monetary policy remains restrictive and does not require further loosening of the labor market to achieve the 2% inflation target.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:54 pm

ENPH

Enphase Energy's stock rose by 3.75% following a Federal Reserve interest rate cut, which benefits solar energy financing. Lower rates reduce borrowing costs, potentially increasing demand for Enphase's solar solutions. This could boost sales and make the stock more attractive to growth investors.

Portfolio Pulse from Henry Khederian

September 18, 2024 | 6:51 pm

ENPH

Enphase Energy shares rose following a 50 basis point interest rate cut by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:48 pm

SPY

Federal Reserve Chair Jerome Powell stated that the Fed does not believe it is behind the curve in terms of monetary policy. Powell emphasized the Fed's commitment to timely actions and noted their patience in reducing policy rates, contrasting with other central banks that have already cut rates.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:48 pm