Powell: The economy is stronger than expected, the Federal Reserve can be "a bit more cautious" about cutting interest rates, and the Trump administration cannot set up a shadow Federal Reserve chair.
Powell stated that economic growth is stronger than expected at the time of the Federal Reserve's first rate cut in September, and there is no reason not to remain strong. Inflation has slightly increased, so the Fed can be more cautious regarding rate cuts while searching for a neutral interest rate level. There are no concerns about losing the Fed's independence, and there is confidence in maintaining good relations with the Trump administration. It is currently too early to determine the impact of Trump's tariffs and other policies on the economy and interest rate outlook.
The annual "big reshuffling" of the Nasdaq 100 is about to begin! Who is expected to join, and who will be eliminated?
This year's potential high-flying stocks like palantir, MSTR and more are expected to be included.
Powell's informal meeting: there will be no "shadow Fed", bitcoin's competitor is gold.
① Federal Reserve Chairman Powell shared personal career experiences on Wednesday and expressed opinions on issues such as the Trump administration, the usa economy, and bitcoin; ② Powell emphasized that the independence of the Federal Reserve is protected by law and stated that Trump's idea of a "shadow Federal Reserve" is impossible.
US Stock Markets Surge To Record Highs As Tech Shares Lead Rally
Federal Reserve Beige Book: Economic activity has slightly increased in most regions of the usa, and businesses are more optimistic about future demand.
The Federal Reserve stated in the Beige Book that economic activity in most parts of the usa has seen "slight growth", growth expectations are moderately increasing, employment levels remain steady or only slightly increased, and consumer spending overall remains stable.
Trading volume TOP20 | Growth stocks surged on high volume, Marvell Technology rose more than 23%, Salesforce rose over 10%; bitcoin approached the $0.1 million mark, MSTR rose nearly 9%, Coinbase rose nearly 7%
On Wednesday, the first in U.S. stock trading volume, nvidia, closed up by 3.48%, with a transaction of 33.127 billion dollars. The second, tesla, closed up by 1.85%, with a transaction of 17.895 billion dollars. The third, microstrategy, closed up by 8.72%, with a transaction of 11.44 billion dollars.
Express News | Powell did not disclose whether he advocates for a rate cut this month, believing that he will get along well with the Trump administration.
US stocks closed | Technology stocks boost the three major indexes to new highs! Marvell technology soared more than 23% after performance, Salesforce rose nearly 11%
The Nasdaq and chip index rose more than 1%, the small cap index reversed to a decline at one point, Meta, netflix, amazon, apple, and walmart all reached new highs, nvidia rose 3.5%, eli lilly and co peaked at 4%, the China concept index fell 2% at one point, and south korea etf, French stocks, and French bonds all closed higher.
Next year, the ticket committee and the St. Louis Federal Reserve Chair: the rate cut might be paused as early as this month.
Musalem indicated that in the context of inflation being higher than expected and concerns about the labor market easing, it may be time for policymakers to slow down the pace of interest rate cuts, with a possible pause in cuts as early as this month, ultimately depending on economic data.
U.S. stocks closed: all three major indexes hit new highs as Trump ignited a cryptos frenzy, while AI applications and the chip sector showed more bullish earnings reports.
1. Jerome Powell's wording was "just right", and the Dow Jones Industrial Average closed above 45,000 points for the first time in history; 2. AI applications and chip sectors once again showed bullish financial report news; 3. The CEO of the largest health insurance company in the usa was assassinated on the street; 4. Trump nominated an SEC chairman with a pro-cryptos stance.
IShares Russell 2000 ETF Options Spot-On: On December 4th, 1.06 Million Contracts Were Traded, With 12.14 Million Open Interest
On December 4th ET, $iShares Russell 2000 ETF(IWM.US)$ had active options trading, with a total trading volume of 1.06 million options for the day, of which put options accounted for 46.47% of the
ETFs Hit Record Inflows in November and Are on Pace to Surpass $1T by the End of 2024
Forex Today: The US Labour Market Remains in the Spotlight
Tech Stocks Extend Record Highs On AI Optimism, Marvell Rockets, Bitcoin Hovers Near $95,000: What's Driving Markets Wednesday?
Major Indexes Are Higher Amid Strength in Salesforce and Pure Storage, Which Gained Following Their Respective Quarterly Earnings Reports.
Express News | usa's November ISM non-manufacturing PMI was 52.1, expected to be 55.5, with a previous value of 56.
US stock market early trading | The three major indexes collectively rise! Outstanding stocks surge in volume, Salesforce rises more than 10%, marvell technology rises by about 20% to a new high.
On the evening of October 4, 2023, US stocks opened higher on Wednesday. Investors are waiting for the upcoming speech by Federal Reserve Chairman Powell. In the USA, the ADP employment numbers for November increased by 0.146 million, which is below expectations. The market is paying attention to the political turmoil in South Korea and France.
Fed's Musalem: Will Wait to See Data Before Deciding on December Meeting
The President of the Federal Reserve Bank of St. Louis, usa: there may be a pause in interest rate cuts at the December meeting or a later meeting.
In 2025, FOMC voting member and St. Louis Fed President Alberto Musalem indicated that, given inflation is higher than expected and concerns about the labor market have eased, it may be time for policymakers to slow down the pace of interest rate cuts.
Flour Corporation Announced That It Has Signed A Front-End Engineering And Design Contract With Heidelberg Materials For Its GeZero Project: Terms Not Disclosed