Cutting interest rates by 50 basis points! The Federal Reserve initiates a aggressive first step to open a period of monetary easing.
Understand the attitude changes of policymakers in the Federal Reserve's latest statement, providing investors with the latest macroeconomic news.
The Federal Reserve has made a rare and significant cut of 50 basis points! Powell: Don't think this is a new pace of rate cuts.
Federal Reserve Chairman Powell's hawkish comments indicate that the Fed's economic forecast summary does not indicate any urgency to cut interest rates. Monetary policy decisions will be driven by data, and rate cuts will be accelerated, slowed down, or paused as needed. He stated that the increased downside risks to US employment are worth watching, and the subsiding upside risks to inflation are encouraging, but the fight against inflation is not yet won. The Fed does not have a predetermined policy path and will decide on actions at future meetings.
Compared to the Federal Reserve's interest rate cut, the upcoming earnings season is more important for US stocks, beware of October panic.
Analysis suggests that the US stock market is reflecting a combination of US economic growth, increased corporate profits, and lower interest rates. This means that everything, from economic data to corporate financial reports to interest rates, must unfold perfectly in order for the US stock market to maintain its current level. Investors should be wary of the October earnings season triggering downward revisions in corporate profit expectations, which could ignite market panic.
TOP 20 transaction volume | Nvidia fell nearly 2%, with a transaction volume of over 35.5 billion US dollars; Apple rose nearly 2%, and Goldman Sachs is expected to take over its credit card project from Goldman Sachs.
On Wednesday, Nvidia, ranking first in trading volume, fell 1.92% with a turnover of $35.556 billion. Tesla, ranking second, fell 0.29% with a turnover of $17.913 billion. Apple, ranking third, rose 1.80% with a turnover of $13.189 billion.
Powell emphasized: the substantial interest rate cut is to stabilize the employment market, and the U.S. economy is still in a strong state.
Federal Reserve Chairman Powell pointed out at the press conference that the main purpose of this rate cut is to stabilize the employment market.
US stocks closed | After the interest rate cut, US stocks rose and then fell back, with the three major indices closing slightly lower. Apple bucked the trend and rose nearly 2%.
After the Federal Reserve cut interest rates, US stock index hit a new daily high. However, it turned downwards after Powell's press conference. The S&P 500 ended its seven-day winning streak, while the Dow Jones Industrial Average fell for the second consecutive day. Nvidia failed to rebound and closed down nearly 2%, while Apple rose against the trend, gaining nearly 2%.