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Size of Anticipated Fed Rate Cut to Influence Level of Move in U.S. Treasury Yields
US stocks in early trading | The three major indexes rose collectively, Chinese concept stocks and technology stocks strengthened collectively, Li Auto Inc rose nearly 9%, Tesla rose over 3%.
USA retail sales exceeded expectations in August, indicating that the consumer situation in the USA remains healthy. The Federal Reserve will begin its two-day monetary policy meeting today and announce the meeting results tomorrow. Wedbush brokerage stated that AI stocks like Nvidia will benefit from the Fed's rate cut.
Preview of US stocks | August retail sales data exceeds expectations, three major futures indices slightly rise; Bullish news frequently! Intel pre-market up nearly 7%.
Microsoft is giving out "red envelopes": dividend increase of 10%, planning to repurchase up to 60 billion US dollars; "New Fed Communication Agency" reiterated uncertainty: the magnitude of the first interest rate cut is still suspenseful.
SA Sentiment: Will the Fed Cut Rates by 50 or 25 Basis Points?
The market expects a 50 basis point rate cut, which is not enough! US lawmakers have sent a joint letter to Powell calling for a 75 basis point rate cut.
The futures prices on Monday reflected that investors expected a 50 basis point rate cut from the Fed this week, with a probability of close to 60%. Blackrock said the market's pricing of the rate cut cycle was a bit overdone, while a joint letter from Democratic senators warned that being too cautious about the rate cut would unnecessarily expose the economy to the risk of a recession.
Futu Morning Post | Senators jointly write to Powell, urging a 75 basis point rate cut this week; Intel to customize AI chips for amazon, with stock soaring over 11% after hours.
Barclays argues that if Trump implements unilateral forex intervention to weaken the US dollar, the cost will be too high; Ultraman has left the OpenAI safety and security committee, which will be chaired by Zico Kolter.