U.S. Stock Market Preview: PPI data higher than expected, s&p 500 futures turn lower; strong performance! Disney pre-market up over 9%, Netease up nearly 5%
Federal Reserve Governor Kugle: Must focus on both inflation and employment targets; Uncertainties increase in the prospect of rate cuts, Federal Reserve officials urge cautious action; taiwan semiconductor rose more than 1% before the market, institutions expect the full load of operation of 3 and 5 nanometers to be maintained in the first half of next year.
Where is the end point of this round of Fed rate cuts? Goldman Sachs: Around 3.25-3.5%, 100 basis points higher than the peak of the previous cycle.
Goldman Sachs pointed out that there are two main reasons for the adjustment of the neutral rate, including the rise in interest rates in the bonds market and the updated estimates of the neutral rate by economic models. Furthermore, the adjustment is also supported by current strong fiscal spending and non-monetary policy factors such as risk appetite.
Another Federal Reserve Board member calls for caution in further interest rate cuts!
Federal Reserve Governor Kugler pointed out that it would be appropriate to pause rate cuts if there were any risks that hindered the progress against inflation or caused inflation to accelerate again.
Express News | US October PPI YoY +2.4% Vs +2.3% Forecast, Prior +1.8%
Express News | US Weekly Initial Jobless Claims 217000 Vs 223000 Forecast, Prior 221000
Powell will take the stage again in the early morning! Will he make the market happy this time?
Powell is likely to discuss recent economic data, be careful as the market may face another "bloodbath".