Trump's tariffs are widely expected to drive up inflation and make it harder for the Fed to keep it under control, with Goldman Sachs and Wells Fargo expecting the Fed to cut interest rates twice this year, while Morgan Stanley joins Barclays and Macquarie in forecasting only one 25 basis point rate cut this year, citing uncertainty caused by President Trump's tariffs. The Federal Reserve also kept its benchmark overnight interest rate at 4.25% at its January policy meeting.
The Federal Reserve is widely expected to leave interest rates unchanged at its January 28-29 meeting, the first pause since the Fed began its rate-cutting cycle in September. Since the December meeting, the Fed's remarks have been broadly in line with the hawkish Summary of Economic Projections (SEP) released at the time - although Fed Governor Christopher Waller's dovish remarks in mid-January are noteworthy. As new members rotate into the FOMC voting committee, the distribution of opinion is ...
The Bank of Japan is widely expected to raise its base rate to 0.5 per cent on Friday, with the 25 basis point increase the largest since February 2007, adding to signs that Japan's economy is finally returning to normal. Two key points that Bank of Japan Governor Kazuo Ueda made clear last month when considering a rate hike have been largely clear. So far, the country's wages have risen...
January 13 news, U.S. stocks opened, the Dow fell 0.13%, the S & P 500 index fell 0.83%, the Nasdaq fell 1.35%. AI chip stocks fell, NVIDIA (NVDA. O) fell more than 4%, TSMC (TSM. N) fell nearly 4%, Broadcom (AVGO. O) fell more than 2%, Qualcomm (QCOM. O) fell 1.4%.
On January 9, "Federal Reserve Messenger" Nick Timiraos pointed out that the Federal Reserve meeting notes further showed that officials are generally willing to keep interest rates unchanged at the upcoming meeting at the end of this month. "Participants indicated that the committee is at or near the appropriate level to slow the pace of policy easing," the meeting notes said. Officials believe that based on their current outlook for economic activity, the Federal Reserve may continue to cut in...
Contrary to popular belief, the price of bitcoin is driven by demand, not changes in its [mining] supply, 10x Research wrote. During bitcoin's five bull markets, investors have continuously innovated in the way they acquire bitcoin, from early spot trading to using instruments such as futures, unsecured borrowing, spot bitcoin ETFs, and now ETF options. The development highlights bitcoin's growing integration with traditional financial marekts, the U.S. Commodity Futures Trading Commission said.
The US index continued to rise, rising 0.4% to 106.6 in the day. Non-US currencies generally fell, with the pound against the US dollar GBP/USD now down 0.19% to 1.2726; the euro against the US dollar EUR/USD fell 0.5% to 1.0500 in the day; the US dollar against the yen USD/JPY broke the 152 mark, rising about 0.4% in the day. The Australian dollar against the US dollar AUD/USD and the New Zealand dollar against the US dollar NZD/USD both fell more than 1% in the day.
Analysts are generally pessimistic about gold this week. Are the bulls "doomed"? Silver is currently continuing this trend! The long and short factors in the oil market are obviously opposed, and this week is more likely to go like this...
According to CCTV's official Weibo news on November 5, US media generally believe that the 2024 election is the most close presidential election in the United States in recent years, and it is also the most evenly contested presidential election in American history. On November 4, Democratic candidate Harris and Republican candidate Trump were making their final campaign in key "swing states". In this election, the polls in "swing states" kept flipping, making the final results...
Analysts at Bitfinex said: "While the market generally expects increased volatility ahead of the November 5 US election, many market participants appear hesitant to adopt a wait-and-see approach. But significant volatility is still expected in the short term after the election, which could" drive significant movement "or, if not, could be a warning sign of a" deeper correction "for Bitcoin in the shorter term."
On October 26th, US stocks closed on Friday, the Dow index initially closed down 0.61%, the S & P 500 index fell 0.03%, and the Nasdaq index rose 0.56%. The Nasdaq China Golden Dragon index closed up 1.38%. Western Digital (WDC. O) rose 4.72%, its first fiscal quarter turned a profit. Tesla (TSLA. O) closed up 3.34% after rising 22% yesterday. Cryptocurrency concept stocks fell, Riot Blockchain (RIOT. O) fell 5.40%, Marathon Digital (MARA. O) fell 6.37%, and Coinbase (COIN. O) fell 1.97% after r...
The decline in US stocks expanded, with the Nasdaq falling more than 2%. Chip stocks fell, ARM fell more than 7%, and NVIDIA and Micron Technology fell nearly 4%.
Although the market generally believes that Trump's victory is more positive for Bitcoin, analysts say that regardless of the outcome of the US election, Bitcoin is expected to break through all-time highs. The recent crypto options market shows that bitcoin call options from mid-November to the end of the month are concentrated in the 75,000 to 80,000 dollar level. Analysts pointed out that macroeconomic factors, such as the Federal Reserve's interest rate cut expectations and the stock market ...
On October 16, the U.S. stock market closed on Tuesday, the Dow index initially closed down 0.75%, the S & P 500 index fell 0.76%, and the Nasdaq index fell 1%. The Philadelphia Semiconductor index fell more than 5%, Nvidia (NVDA. O) fell 4.6%, AMD (AMD. O) fell 5%, and ASML (ASML. O) fell 16%. The Nasdaq China Golden Dragon index closed down 5.9%, Alibaba (BABA. N) fell 5.5%, and JD.com (JD. O) fell 9%.
On October 5th, the US stock market closed, and the three major stock indexes initially closed up. The Dow rose 0.81%, the S & P 500 index rose 0.87%, and the Nasdaq index rose 1.22%. The cryptocurrency concept sector was the top gainer. Star technology stocks and popular Chinese stocks generally rose, AMD (AMD. O) rose about 5%, Tesla (TSLA. O) rose nearly 4%, Miniso (MNSO. N) rose 8.65%, and JD.com (JD. O) rose more than 5%.