Federal Reserve Board member Cook: Policy must simultaneously focus on inflation and employment goals.
Federal Reserve Governor Coogle stated that policymakers must simultaneously focus on the central bank's inflation and employment targets, and pointed out that the labor market is cooling down, slowing progress towards the Federal Reserve's 2% inflation target.
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.
US stock early market | The three major indexes fell, while disney rose more than 8% against the trend; semiconductor stocks rose overall, as asml holding increased by over 4%, and taiwan semiconductor, applied materials rose over 2%.
On Thursday, the three major US stock indices fell broadly. The s&p 500 dropped by 0.16%, the nasdaq fell by 0.20%, and the dow jones industrial average decreased by 0.11%.
usa's October PPI rose more than expected, PCE may face pressure, will the pace of Fed rate cuts be affected?
Despite a significant easing of inflation pressure in the usa this year, there has been a recent lack of progress, and Federal Reserve policymakers may slow down the pace of interest rate cuts...
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%