The Federal Reserve's hawk pigeon “shared”, Bowman: High inflation will continue for some time, Goulsby: We need more employment reports like Friday

Federal Reserve Governor Bowman said that as the Federal Reserve maintains high interest rates, inflation will eventually fall, but he is willing to raise interest rates if future data shows that the progress of the decline in inflation has stagnated or been reversed. Chicago Federal Reserve Chairman Goulsby said that he is waiting for more data to determine whether inflation will fall to the target. The non-farm payrolls report is steady this Friday. The more such reports there are, the more assured he is that the economy is not overheating and that inflation has not rebounded.

wallstreetcnMay 4 11:03

US stocks closed | NASDAQ rose about 2%, Apple surged 6% after the results, and Nvidia rose more than 3%

The three major US stock indexes closed up at least 1%; Amgen led the S&P and Dow, the diet drug duo Lilai once fell more than 3%, and Novo Nord Europe shares once fell more than 5%; the chip stock index closed up more than 2% and still fell throughout the week. Qualcomm's sharp rise fell back the next day, and AMD earnings fell more than 4% in the week

wallstreetcnMay 4 09:23

Federal Reserve Governor Bowman: Inflation will still fall, but the possibility of interest rate hikes is not ruled out

Bauman avoided the topic of interest rate cuts, saying that if the anti-inflation process stagnates or is reversed, he will be willing to raise interest rates.

Golden10 DataMay 3 23:54

The US ISM non-manufacturing index fell to 49.4 in April, a new low since 2022, far short of expectations

On Friday, data released by ISM showed that the US service sector unexpectedly contracted in April, for the first time since 2022. Among them, business activity indicators fell to a four-year low, and investment cost indicators rose.

wallstreetcnMay 3 23:30

Late at night, non-agricultural data detonated the market! Global assets soared across the board

Source: Broker China Author: Zhou Le A big piece of data detonates the market. On the evening of May 3, Beijing time, the US Department of Labor released the April non-farm payrolls report, which shows that the US non-farm payrolls increased by 175,000 in April, far below the forecast of 240,000; the US unemployment rate in April was 3.9%, higher than the forecast of 3.8%. Wall Street agencies say that a significant cooling of the labor market will change the Federal Reserve's next move. After the data was disclosed, traders advanced the forecast for the Fed's first interest rate cut from November to September this year; US interest rate futures expect the Fed to cut interest rates twice by 25 basis points in 2024

券商中國May 3 23:08

Non-agricultural data is shocking! Expectations of the Fed's interest rate cut have come back to life

The US non-farm payrolls report for April was generally weak, and the market resumed expectations that the Federal Reserve would cut interest rates twice by 25 basis points in 2024.

Golden10 DataMay 3 21:43