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In April, the "terrifying data" from the USA slightly exceeded expectations, and the PPI unexpectedly cooled down.
Retail sales in the USA maintained growth in the month impacted by Trump's tariffs, but there was a clear slowdown, which may raise questions about the intensity and stability of consumer spending in the coming months.
Weak economic data drives the rise in U.S. bonds as the market bets on two interest rate cuts by the Federal Reserve within the year.
As economic data shows a weakening in economic activity and a cooling in inflation, it supports the expectation that the Federal Reserve will implement two rate cuts this year, leading to an increase in US Treasury bond prices.
U.S. stocks closed | Data strengthens rate cut expectations, S&P rises for four consecutive days; Chinese concept stocks showed mixed trends, Alibaba dropped over 7% after earnings, while NetEase soared over 14%.
Meta fell over 2%, marking its first drop this week along with NVIDIA and Tesla; Cisco rose nearly 5%, leading the Dow's rebound; UnitedHealth dropped nearly 11%.
Spot Gold increased by 1.9%, reported at 3238.25 USD/ounce.
According to Gelonghui on May 16, on Thursday (May 15) at the end of trading in New York, spot Gold rose by 1.91% to $3238.25 per ounce. At 14:03 Beijing time, it dropped to $3120.98, refreshing the daily low, and then continued to fluctuate upwards. COMEX Gold Futures rose by 1.66% to $3241.10 per ounce, rebounding continuously after refreshing the daily low to $3123.30 at 14:03. Spot Silver rose by 1.28% to $32.6405 per ounce, dropped to $31.6514 at 15:45, refreshing the daily low, and then continued to rise. COMEX Silver Futures...
Express News | The probability of the Federal Reserve maintaining the interest rate unchanged in June is 91.7%.
Thirty years of "radicalism" may come to an end, and the Federal Reserve may usher in a turning point in this era.
Last week, the monetary policy conference held by the Hoover Institution at Stanford University had the theme "Finishing the Job," which superficially focused on how the Federal Reserve could gradually lower interest rates while bringing inflation back to the 2% target.