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The adjustment of the US stock market may have only just begun.
According to leading indicators, share prices are still likely to fall intermittently. Small-cap stocks and transportation stocks continue to fall below the support level, and the market is still far from being oversold. Gina Martin Adams, chief stock market strategist for industry research, wrote that he still believes that the worst-case scenario could be a repeat of 2011, when the market has to deal with peak economic growth and volatile inflation. The Dow Jones Transportation Index confirmed signs from commodity prices and profits that economic growth will peak this summer and that stocks will need to adapt to a longer-term slowdown in the coming weeks. The scores of the Dow Jones Industrial average and the Dow Jones Transportation Index
Former chairman of the White House Council of Economic Advisers: the Fed's inflation forecast is too low or raises interest rates early
Jason Furman, who served as chairman of the Council of Economic Advisers under former President Barack Obama, said in an interview on Wednesday that the Fed's inflation forecast was "a little low" and that the central bank might raise interest rates sooner than it currently expected. "personally, I think the Fed's forecast is a little low and inflation will be higher than they forecast," Furman said. If I am right, it means that they will raise interest rates sooner than currently predicted. Inflation will slow from current levels but remain high because prices in services and other sectors will rise and demand will be higher than the pandemic, Furman said
Tesla Model 3 was named the most manufactured car in the United States in 2021
Sina Science and Technology News in the early morning of June 24th, according to foreign media reports, Tesla Model 3 was named the most manufactured car in the United States in 2021 by AOL car sales service Cars.com, which is the first time in 16 years that electric vehicles have topped the list. Cars.com 's US manufacturing index was created in 2006 to rank vehicles according to the number of US factory jobs, factory location and parts purchases. The ranking lists 90 models that meet the above criteria, with Ford Motor (F.N) Mustang (Mustang) ranking second and Tesla
The number of petitions for "Don't let Bezos go back to Earth" exceeded 100000.
Amazon founder Jeff Bezos will fly into space on his space travel company's space shuttle New Shepard on July 20 local time, and the latest figures show that the number of petitioners who do not want him to return to Earth has exceeded 100000. According to the regulations, if the number of signatures of a petition reaches 100000 within 30 days, the White House is required to provide an official response to the petition. There are currently two major petitions on the Change.org website around this topic, one of which, "Don't let Jeff Bezos return to Earth," has attracted more than 90, 000 signatures, and the number is growing.
Powell: inflationary pressure is higher than expected, but there will be no 1970s-style hyperinflation.
In testimony to Congress on Tuesday, Federal Reserve Chairman Colin Powell admitted that some inflationary pressures are greater and more persistent than he expected, but still not as severe as some of the most inflationary periods in U.S. History. Questioned by a task force in the U.S. House of Representatives, Powell continued to attribute the recent surge in inflation to factors closely related to the reopening of the economy. Powell pointed out that air tickets, hotel prices and timber prices, as well as generally soaring consumer demand, have contributed to the economic recovery. He said these factors would "sort themselves out" in the coming months. He told the novel coronavirus crisis subcommittee of the House of Representatives: "they do not cover a wide range of areas."