NVO - Wall Street Lunch: Day 1 Of Powell's Testimony
2024-07-09 13:29:22 ET
Summary
- Federal Reserve Chairman Jay Powell testified before the Senate Banking Committee, emphasizing the need for more data to confirm progress towards the Fed's 2% inflation goal.
- Changes in capital requirements for US' largest banks could save them billions of dollars, easing regulations and boosting the industry.
- KeyBanc Capital Markets provided updates on the semiconductor industry, with mixed results and price target increases for certain stocks.
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Wall Street Lunch: Powell Says Inflation Isn't The Only Concern