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0 0 0.00123348017621146 0.00123876651982384 -0.00105726872246688 -0.0126872246696035 -0.0172687224669603 -0.0135682819383259
Stock impact report

Powell: Fed to act as appropriate to keep expansion going [Reuters]

SEI Investments Company (SEIC) 
Last sei investments company earnings: 4/23 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: seic.com/investor-relations
Company Research Source: Reuters
Powell: Fed to act as appropriate to keep expansion going (Reuters) - The U.S. economy is in a “favorable place” and the Federal Reserve will “act as appropriate” to keep the current economic expansion on track, Fed chair Jerome Powell said on Friday in remarks that gave few clues about whether the central bank will cut interest rates at its next meeting or not. Story: KEY POINTS: * Powell says U.S. economy is in a ‘favorable place,’ Fed will ‘act as appropriate’ * Powell says Fed is working to sustain economy that faces ‘significant risks’ * Powell says U.S. economy is close to both of Fed’s goals * Powell says slowing global growth, trade policy uncertainty, muted inflation weigh on favorable outlook * Powell says premise that healthy U.S. economy needed higher rates was generally borne out * Powell says low inflation, not high inflation, is ‘problem of this era’ MARKET REACTION: STOCKS: S&P 500 .SPX BONDS: U.S. Treasury yields slipped; 2s US2YT=RR at 1.5744%; 10s US10YT=RR at 1.591 Show less Read more
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