Former 'dovish' member of the Federal Reserve: Interest rate cuts might not occur until 2027; the longer the war persists, the later the rate cuts will be.

Although most people expect the Federal Reserve to cut interest rates at least once this year, its policy trajectory may not be clear. Chicago Fed President Goolsbee said on Tuesday that the longer the conflict in the Middle East persists, the more the Federal Reserve's interest rate cuts will be delayed.

cls.cn10:35

Rare! Bessent: Understanding the need for the Federal Reserve to 'wait and see' before cutting interest rates.

US Treasury Secretary Bessent made a rare endorsement of the Federal Reserve's decision to hold steady, marking a dramatic shift from his previous aggressive push for interest rate cuts. He expressed understanding of the Fed’s decision to wait until the situation in Iran becomes clearer before taking action. Meanwhile, he strongly supported the notion of 'transitory inflation'—with core CPI rising only 0.2%, and argued that the energy shock would not become embedded in expectations.

wallstreetcn09:10

Futu Morning Brief | Market Soars Amid Easing Conflict Concerns! Nasdaq Rises for Tenth Consecutive Day, Oil Prices Slide Further; AI Trading Gains Momentum as Optoelectronic Communications and Semiconductor Stocks Hit New Highs; Meituan Ventures into AI

U.S. President Trump stated on the 14th local time that talks with Iran 'may take place within the next two days' in Pakistan; U.S. Vice President Vance, regarding the issue with Iran, expressed that he is 'optimistic about the progress of the current situation.'

Futu News08:11

Bessent Launches 'Three-pronged Attack': Announces Tariff Resumption Before Early July, Criticizes Fed's Missteps, and Counters IMF Warnings!

Bessent noted that tariff policies might revert to previous levels before the beginning of July. He pointed out that the Federal Reserve wants to wait for clearer data, but this essentially implies that interest rates should be cut more significantly and aggressively.

Golden10 Data08:07

Wall Street banks disclose over a hundred billion dollars in private credit exposure; JPMorgan CEO says there is no need for excessive concern.

Amid growing market concerns over private credit, the latest earnings reports from JPMorgan, Citi, and Wells Fargo & Co revealed that the three banks have exposures to private credit of approximately USD 50 billion, USD 22 billion, and USD 36.2 billion respectively, totaling over USD 100 billion. The CEO of JPMorgan stated that he is "not particularly worried," noting that the private credit sector would need to experience "extremely large-scale losses" for the banks to be impacted.

wallstreetcn07:31

Top 20 Trading Volume | NVIDIA surges for 10 consecutive days, setting a new record, and expands its ecosystem by launching a quantum AI model; strategic cooperation agreement reached with Oracle; Bloom Energy soars 24%; Amazon acquires Globalstar for ove

NVIDIA, the top stock by trading volume on the US market on Tuesday, closed 3.80% higher with a turnover of $31.04 billion. The stock rose for the tenth consecutive trading day, marking the longest winning streak in two years. NVIDIA is expanding its artificial intelligence portfolio by launching a series of new open-source models specifically designed for quantum computing. The new 'Ising' model leverages artificial intelligence to handle complex calculations, making quantum systems more practical. One of the models focuses on calibration, allowing the system to read data from quantum processors and adjust their operation in real time.

Global Market Reports07:01