The latest inflation data reinforces Powell's shift to keeping interest rates high for a longer period
Federal Reserve Chairman Powell sent a message last week that high interest rates will continue; the latest inflation data released on Friday reinforces this message. The central personal consumption expenditure price index, which is the inflation indicator favored by the Federal Reserve, rose 0.3% month-on-month and 2.8% year-on-year in March.
Inflation data is not optimistic. What exactly should the Federal Reserve do?
The Federal Reserve is likely to remain cautious and will not start cutting interest rates anytime soon
Big news! The US is preparing to establish a new AI security committee, with Nvidia, Microsoft, and OpenAI all participating
America has taken action!
Weekend Reads | Risk in the eyes of Howard Max: Take it smartly and dance with it
Taking too little risk is also a risk in itself.
Is the US mired in “stagflation” concerns? Citi insists the Federal Reserve will cut interest rates in the summer
Citi still believes that the pricing of the market completely phasing out interest rate cuts this year is wrong.
Top 20 turnover | Google rose more than 10% to a record high, with sales exceeding US$11.1 billion
On Friday, Nvidia, the number one in terms of US stock turnover, closed 6.18% higher, trading at US$47.76 billion; Tesla, which ranked No. 2, closed down 1.11% and traded US$18.58 billion.
US stocks closed | PCE suspends inflation concerns, Google's performance soared more than 10% after that, and Nvidia rose more than 6%
The S&P Index rose 2.67% this week, and the NASDAQ rose 4.23%, all of which recorded the biggest weekly gain since November last year; the China General Index rose nearly 9% weekly, the biggest increase since July last year.
Is the metaverse coming to an end? Analyst warns investors may “vote with their feet” if Meta continues to bet
Investors are clearly still worried that Meta's spending will include more virtual and augmented reality.
Express News | The Atlanta Federal Reserve's GDPNow model predicts US GDP growth of 3.9% in the second quarter.
Never been tempted! Bank of America: Before real interest rates rise, US stocks still rely on tech giants to lead the trend
This concentration of stocks will continue until the actual yield on 10-year treasury bonds rises to around 3%, or until higher yields combined with larger credit spreads pose a threat to the recession.
Express News | The final value of the US University of Michigan consumer confidence index for April was 77.2
Early trading of US stocks | NASDAQ rose more than 1%, Google and Xiaopeng rose more than 10%
After Snap's performance, it surged more than 23%; popular Chinese securities rose collectively; NIO rose nearly 9%, Ideal rose by more than 6%, JD rose more than 5%, Pinduoduo and Baidu rose more than 3%, and Ali rose more than 2%.
Express News | Strategist: Today's PCE data shows that inflation is not accelerating
Bank of America: Supercap stocks will continue to lead the market until interest rates raise concerns about a recession
Bank of America strategists said that the US stock market will continue to rely on a few supercap stocks to guide the direction until rising real interest rates raise concerns about a recession.
Express News | Strategist: PCE data has limited impact on the future policy of the Federal Reserve
The US core PCE in March slightly exceeded expectations year over year. Is the Federal Reserve's “dream of cutting interest rates” far away? Analysts see it this way
The latest PCE data indicates that the Federal Reserve may not continue to raise interest rates, but it certainly won't shake the view that “the Federal Reserve will maintain high interest rates for a long time.”
Amazing news! Trump team conspires to manipulate the Federal Reserve after coming to power: interest rate decisions need to be asked by the President
① Just as the Federal Reserve is about to hold the May interest rate meeting next week, the local US media revealed a “big deal”; ② Trump's allies are quietly drafting some suggestions. If the former president wins the general election and comes to power for the second time, they will try to weaken the independence of the Federal Reserve; ③ This team of Trump allies believes that future Fed interest rate decisions should be consulted.
Express News | The core price indicator favored by the Federal Reserve rose rapidly in March, heightening concerns about inflation
Express News | The core inflation indicator favored by the Federal Reserve rose rapidly in March
US stock outlook | The three major indices rushed higher and fell, and PCE data exceeded expectations; Google surged more than 12% before the market
Microsoft rose more than 4% before the market, and the strong cloud business broke Wall Street expectations; Intel fell more than 8% before the market, and Q2 earnings guidance was weak.