Jackson Hole Roadmap: Understand "The Most Important Meeting Next Week" in One Article
Chairman Powell of the Federal Reserve and Governor Bailey of the Bank of England will give speeches one after another. The media will also interview officials of all sizes about policy prospects. Goldman Sachs believes that Powell will send signals of "rate cut confidence" and "data dependence".
Goldman Sachs lowers its expectations for a US recession: "If the non-farm data is also good in early September, it will be further downgraded."
Goldman Sachs has lowered the possibility of the United States falling into an economic recession next year from 25% to 20%, and if the non-farm payroll in early September is good, it will be further lowered to 15%.
Powell holds closed-door meeting with bank giants! Changes to US version of Basel Agreement?
Powell's major actions exposed.
Is the US economy really stable enough to support the stock market's challenge to new highs? Wall Street analysts are skeptical.
With consecutive days of inflation and retail data, combined with Walmart's financial report, it seems that the US stock market has emerged from the shadow of 'recession trade'. However, some analysts are worried that the overall outlook of the US economy does not look as bright and positive.
Critics say Trump's tariffs are damaging to Americans. Harris is promoting the new economy dream of reducing the cost of living and giving everyone a chance to succeed.
Harris proposed comprehensive subsidies and tax incentives for the poor and middle class, such as raising the child tax credit to $3,000 and $6,000 for newborns; providing a $25,000 new home down payment subsidy for first-time homebuyers; capping the annual self-pay limit for prescription drugs at $2,000 for all citizens; building 3 million new affordable homes and rental housing for the middle class; and issuing the federal government's first ban on food price gouging. She accused Trump of imposing tariffs on other countries, which is equivalent to imposing consumption taxes on basic necessities across the United States, leading to an increase in annual expenses of $3,900 for ordinary American families.
Think tank warns: Trump's economic plan will hurt American businesses.
The Third Way, a left-leaning think tank in the United States, released a report stating that Republican presidential candidate Donald Trump's economic plan would harm businesses. The report from the Third Way states that Trump holds protectionist trade and anti-immigration (including skilled worker immigration) positions, and also claims that he wants to end the independence of the Federal Reserve. These statements should alert business leaders.