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Federal Reserve Bostic expects the first rate hike at the end of 2022 to raise interest rates three times in 2023
Federal Reserve Bank of Atlanta Governor Raphael Bostic (Raphael Bostic) said on Thursday that continued economic growth will push the US closer to full employment by the end of 2022. Bostic expects the Federal Reserve to start raising interest rates at that time, and there will be “no obstacles” in speeding up the pace of interest rate hikes thereafter. “I think the economy is running very strongly... it will be close to full employment by the end of 2022. There will be no obstacles to normalization in 2023,” Bostic said. Bostic said he believes the Federal Reserve has reached the benchmark for reducing bond purchases, and that the current level of inflation and employment growth will be assured
Apple CEO Cook received 2.55 million shares worth 368 million US dollars
Sina Tech News reported on the evening of September 29, Beijing time. According to reports, as part of a new incentive plan, Apple CEO Tim Cook (Tim Cook) recently received more than 2.5 million shares of the company, worth nearly 368 million US dollars. In September of last year, Apple issued shares and performance-based rewards to Cook: Cook will receive more than 1 million Apple shares by 2026. Last month, Cook received more than 5 million Apple shares. At the time, Cook sold it for over $750 million. These stocks were earned by Cook when he became CEO of Apple 10 years ago
Top 20 of US stock turnover on September 27: Musk says Chinese automakers are the most competitive in the world
U. S. stocks closed mixed on Monday. The rise in US bond yields has put pressure on large technology stocks. Investors continue to pay attention to the possibility of a shutdown of the US federal government. The president of the New York Fed says bond purchases may have to be scaled back soon. The president of the Chicago Fed is expected to raise interest rates for the first time in 2023. The Dow rose 71.37 points, or 0.21%, to 34869.37; the Nasdaq fell 77.73 points, or 0.52%, to 14969.97; and the Standard & Poor's 500 Index fell 12.37 points, or 0.28%, to 4443.11. The yield on the 10-year Treasury note broke through the 1.5% mark on Monday, a record high in June.
Pre-market: investors wait for inflation report Dow futures fall 0.2%
Us stock index futures fell slightly before trading on Tuesday as investors waited for the US consumer price index (CPI) in August, a key indicator of inflation, that could affect expectations that the Fed would scale back its bond purchases. As of press time, Dow futures are down 0.2%, the S & P 500 is down 0.1%, and Nasdaq futures are down 0.2%. The FTSE 100th index in the UK fell 0.9 per cent, Germany's DAX index rose 0.5 per cent and France's CAC-40 index fell 0.9 per cent. The dollar index hovered around 92.70 on Tuesday, climbing to a two-week high against a basket of currencies on Monday.
Even if Powell sends a balanced signal, US bond yields are likely to continue to rise.
There are growing signs that Treasury yields are likely to continue to rise even if Federal Reserve Chairman Jerome Powell sends a signal of balance at this week's Jackson Hole seminar. The yield on the five-year note has risen nearly 20 basis points from this month's low, continuing the fact that prices have lagged behind other maturities since February. Five-year Treasurys can immediately capture changes in expectations of short-term interest rates and the pace of central bank purchases of longer-term bonds. The market seems to feel to a large extent that Powell is not too likely to turn to hawks. According to the ING strategist led by Padhraic Garvey, five years
Us WTI crude closed 2.9% higher on Tuesday and rose for the second day in a row.
Crude oil futures rose for the second trading day in a row on Tuesday in the early morning of Beijing time, closing at their highest level in more than a week. It is reported that China has reported zero new confirmed cases of COVID-19 for the first time since July, allaying fears that the Delta variant will lead to a drop in energy demand. Edward Moya, senior market analyst at Oanda, said: "the headlines show that some countries have dealt with the Delta strain much better and the rebound in oil prices will only continue." Traders are still waiting for the release of the American Petroleum Association (API) on Tuesday night and the U.S. Energy Information Administration (EIA) on Wednesday morning.
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